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Fed rate cut by...?

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Bulls Say, Bears Say

Bulls Say

December Meeting at 60% reflects consensus that the Fed will cut at least once in 2026

By December, enough economic data will exist to justify a precautionary cut

Historical pattern: Fed often moves in Q4 when full-year data crystallizes

Bears Say

Inflation may remain sticky through December, blocking any cut

If the Fed holds at 0 cuts through 2026, the December outcome fails

40% NO reflects real probability the Fed has not acted by December