Awaiting Fed Rates, China Slowdown, Corporate and Fundamental News
Market reviews
• It’s finally time for the US Federal Reserve to make a decision, and the market is divided over whether it will cut its key interest rate by 25 or 50 basis points. However, stock index futures rose this morning and now point to a 59% chance of a significant change. Analysts are more cautious, with 92 of 101 experts polled by Reuters forecasting a 25 basis point cut. JPMorgan is an outlier in predicting a bigger cut, arguing that a full percentage point cut is more necessary given the current economic cycle. A decline in inflation would require a bigger cut to stop real...