(URGENT) WATCH THIS BEFORE FOMC RATE CUT...

The big day is finally here. It’s almost certain the Federal Reserve will unveil its first rate cut since 2020 at 2 p.m. ET, but how large will it be? Just one week ago, traders seemed fairly confident that the Fed would cut by the traditional 0.25 percentage point, but that consensus has vanished in recent days, with many now expecting a half-point move.

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