Gold Finance reported that QCP Capital stated in its latest report that the Federal Reserve's meeting today will determine the direction of the long-term financial markets. According to Fed Funds futures pricing, market participants expect a 33% chance of a 25 basis point rate cut and a 66% chance of a 50 basis point cut. However, economists surveyed by Bloomberg believe a 25 basis point rate cut is more likely, with 104 of 114 economists predicting this outcome. Only 9 out of the 114 economists expect a 50 basis point rate cut. QCP Capital believes that volatility will increase significantly in the days following the meeting, as traders rebalance their positions over the next few weeks.