At times the discount minutes can offer a preview of something like a coming dissent at the FOMC meeting but it’s very well telegraphed that a cut is coming. I suppose someone could dissent for 50 bps though.

Current pricing is 64% for 25 bps and 36% for 50 bps but that will make a big swing based on next week’s non-farm payrolls report.

This article was written by Adam Button at www.forexlive.com.