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  • 64 economists surveyed by Bloomberg:53 percent expect a 50bp rate cut 26.5 percent expect a 25bp cut
    19 percent expect interest rates to remain unchanged
    1 lone economist or 1.5 percent of the people polled expect a 75bp rate cut.

    Fed Funds traders appear to be more optimistic as they have already priced in 50bp of easing for Wednesday with a 32 percent chance of a 75bp rate cut.