coin

Investors now believe a December rate cut is roughly a coin flip.

“It’s a coin toss as to how investors will react to favorable guidance,” he said.

Sociologist Amy Binder coined the term “career funneling” a decade ago to describe how schools tend to lead students down particular career paths.

On Friday, market-implied probabilities viewed the prospect of a cut as a coin flip.

Traders now see next month’s decision as a coin flip, after pricing in odds of a quarter point reduction at around 95% as recently as mid-October, according to the CME Group’s FedWatch.