Expectations are that the Fed will cut by 25 basis points.
FT reflects these expectations on the front page.
Federal Open Market Committee's announcement is due July 31st.
Expectations of a 50bp cut were raised by comments from New York Fed department head John Williams last week; officials:
There have been intricate arguments that there was all a good plan from Williams to soften us up for a 50bp cut. I take Occam's Razor approach and say, no, he beat up. The RBA did something similar in 201
25bps it will be. Wednesday July 31 for the announcement, still a good way.