Santander's chief US economist anticipates that this meeting of the Federal Reserve will be the “most controversial”. He said he is “willing to go against the overwhelming consensus of financial markets and economists and called for staying on hold this week.” “The strongest argument for the Federal Reserve to act again this week is that the market has reflected this expectation in prices,” Stephen Stanley wrote in his report on expectations for the Federal Reserve meeting. The two-day conference will end in Washington at 2 p.m. local time on Wednesday. Swap deals related to this week's Fed decision show that the 25 basis point rate cut probability that the market has digested is 90%, and this trend continues in recent transactions; while swaps relating to the beginning of next year show that the probability that the market expects another rate cut before March is less than 50%.

Santander's chief US economist anticipates that this meeting of the Federal Reserve will be the “most controversial”. He said he is “willing to go against the overwhelming consensus of financial markets and economists and called for staying on hold this week.” “The strongest argument for the Federal Reserve to act again this week is that the market has reflected this expectation in prices,” Stephen Stanley wrote in his report on expectations for the Federal Reserve meeting. The two-day conference will end in Washington at 2 p.m. local time on Wednesday. Swap deals related to this week's Fed decision show that the 25 basis point rate cut probability that the market has digested is 90%, and this trend continues in recent transactions; while swaps relating to the beginning of next year show that the probability that the market expects another rate cut before March is less than 50%.