Daily Note | September 17, 2024 | 25 Or 50? DFP To PFO, Added To SDHY, RA

The S&P 500 hit new highs this am as the market awaits the Feds decision tomorrow.

While investors expect a cut Wednesday, the market is divided on the size of the potential reduction. Traders are currently pricing in a 59% chance that the central bank eases rates by 50 basis points, according to CME Group’s Fed Watch tool. That’s up from a roughly 47% c…