Last week, Wall Street seemed to have decided that a December cut was off the table. Today speculators put the probability of Fed Chairman Jerome Powell delivering a rate cut at 75.5%.

Fed funds futures are currently pricing in a more than 70% chance of a quarter percentage point cut, according to the CME FedWatch tool.

Last week, Wall Street seemed to have decided that a December cut was off the table. Today speculators put the probability of Fed Chairman Jerome Powell delivering a rate cut at…