Over 23% of traders price in March 2026 FOMC interest rate cut after Kevin Warsh nomination

More than 23% of traders now expect the Federal Open Market Committee to cut rates at its March 2026 meeting, up from 18.4% on the previous Friday. Expectations center on a 25-basis-point reduction as markets react to Kevin Warsh's nomination as the next Federal Reserve chair and weigh its impact on liquidity and risk assets.