In its latest report, QCP Capital noted that the Federal Reserve meets today and will determine the direction of medium- and long-term financial marekts. Market participants expect a 33% chance of a 25 basis point cut and a 66% chance of a 50 basis point cut, according to Fed Funds futures pricing. However, economists polled by Bloomberg believe a 25 basis point cut is more likely, with 104 out of 114 predicting it will happen. Only 9 out of 114 economists expect a 50 basis point cut. QCP Capital believes that volatility will rise significantly in the days following the meeting, as traders readjust their positions over the next few weeks.