A 25 basis point cut is almost certain. A 50 point slash is unlikely, unless the "outies" of some Fed officials overpower their independent "innies."

With markets convinced of a Fed rate cut, Powell must navigate divisions inside the FOMC over inflation, tariffs, and jobs data.

A 25 basis point cut is almost certain. A 50 point slash is unlikely, unless the "outies" of some Fed officials overpower their independent "innies."

The Federal Reserve could ignite something big in stocks when it inevitably lowers its benchmark lending rate later in the day — and not in a good way.

While the rate decision is fairly pretty much in the bag, what happens from there is anybody's guess.