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BSCN·2026-07-28 17:14
RT The Kobeissi Letter (@KobeissiLetter)Tomorrow is going to be a historic day.Market expectations for tomorrow's Fed decision are among the most divided in recent history.Currently, interest rate futures imply a ~30% chance of a rate hike and a ~70% chance of a rate cut.By comparison, nearly every Fed meeting since March 2020 has entered decision day with ~99% consensus.Adding to the uncertainty, Fed Chair Warsh has effectively eliminated forward guidance, leaving markets with little direction ahead of the ...