Looks like a major Wall Street firm just walked back their earlier forecast. They're now calling for a 25 basis point cut at the December Fed meeting—basically admitting they may have been too aggressive with their previous prediction.

This shift matters more than it seems. When big institutional players adjust their rate expectations, it usually signals they're seeing something different in the economic data. Could be inflation staying stickier than expected, or maybe the labor market isn't cooling as fast as anticipated.

For anyone watching macro trends, these policy rate calls ripple through all risk assets. Whether you're in traditional markets or digital assets, the Fed's next move sets the tone for year-end positioning. Twenty-five bps might sound small, but in this environment, every quarter point counts.