It is unusual to say that I don’t really care that much about the FOMC meeting, but I don’t. Everything seems incredibly well telegraphed coming into this meeting. Markets are pricing in a 93% chance of a 25 bp cut. We will get it. Markets are pricing in an 87% chance of no cut in January. We won’t get a cut. The Fed tends not to deviate that much from market expectations, and the next two meetings appear pretty cut and dry right now, without some unforeseen large data (or geopolitical) surprises. The hawkish sentiment expected is appropriate: The only ... The Fed Meeting is Barely on Our Radar Screen