📣 The market is almost certain of a rate cut, but the main focus is on the disagreements among committee members and Powell's wording on further steps.
⚫Janus Henderson believes that the December decision (December 10, 22:00 MSK) will have little impact on the long-term market: only short-term volatility is possible, while actions in the first half of 2026 will be much more important.
⚫Wilmington Trust notes that the market has already accounted for the likely rate cut and is now awaiting clarifications on future policy. They expect an extremely cautious tone. Some participants doubt that the probability of a cut is so high and are watching Powell's words and the voting results.
⚫Economists at Nomura note that uncertainty is high and the market underestimates the risk that the Fed may not lower the rate after all. If a decision to cut is made, it will be important to see how many committee members vote otherwise. The rotation of four regional Fed presidents will show how ready they are to defend their positions and influence the course of policy.$BNB $ETH $BTC
