[Market Expects Fed to Cut Rates by 25 Basis Points, Trump Prepares to Interview Powell's Successor] The market widely anticipates an 88% probability that the Federal Reserve will cut rates by 25 basis points this week. Weak labor market data and stable inflation levels support the rate cut expectation, but the lack of new economic data has led to internal disagreements among Fed officials. Chair Powell may warn that future policy will depend on upcoming data while implementing the rate cut. The market still expects the Fed to cut rates again in January next year. Additionally, President Trump is preparing to interview candidates to succeed Powell next year.