Fed Chair Powell to Speak Monday; Traders See Near 90% Chance of 25bp Cut Next Week

Federal Reserve Chair Jerome Powell is scheduled to speak at a Stanford University event honoring the late George Shultz on Monday, though he will not address economic topics due to the Fed's pre-meeting blackout period, BlockBeats reports on Dec. 1. Traders currently price in close to a 90% probability of another 25 basis point rate reduction at next Wednesday's policy decision. Should the cut materialize, market participants will focus on the updated dot plot for signals on the 2025 rate trajectory.