Markets held their ground on Monday as traders widely anticipated that the Federal Reserve would cut interest rates this week, despite speculation that the decision could be contentious. Futures markets currently suggest an 86% chance of a quarter-point rate reduction, but a surprise decision to hold steady would reverberate powerfully, analysts warn.

Edmond de Rothschild Asset Management portfolio manager Nabil Milali remarked on the potential for dissent within the Fed, noting the possibility of an unprecedented number of members opposing the cut. "It could be one of the first meetings where the decision has a significant number of dissents, signaling uncertainty about future rate cut expectations," he stated.

Global bonds have much at stake with the Fed's guidance, as yields rise worl

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