Markets Hold Cautious Ground Before Fed Decision as Rate‑Cut Odds Near 90%

Overview

• Wall Street traded lower in the morning session, with the Dow, S&P 500 and Nasdaq posting modest declines ahead of Wednesday’s policy decision.
• CME’s FedWatch tool showed roughly 87%–90% probability of a 25‑basis‑point cut, following recent U.S. data that reinforced expectations for easier policy.
• Mexican equities showed conflicting snapshots, with the S&P/BMV IPC up 0.07% in one read on early gains led by Cemex and down 0.29% in another with Banorte, Grupo Carso and GCC among decliners.
• Oil prices fell after diplomatic meetings related to Ukraine, with WTI down about 1.45% and Brent lower by roughly 1.38% early in the day.
• Media stocks moved on deal headlines, as Warner Bros. Discovery rose after Paramount Skydance launched a hostile $108.4 billion bid for the studio.