It is early Wednesday morning, meaning the next interest rate announcement from the US Federal Open Market Committee is a week away as its December meeting concludes on Wednesday, December 10. A look at the latest Fed fund futures forward curve (see above) shows the market has priced in another 25-basis point rate cut, with the December futures contract (ZQZ25) at 96.265 putting the expected rate at 3.735%, just below the current range of 3.75% to 4.0%. The talking heads of financial television have p ...