Thomson Financial News - The market is looking for a cut in rates of 25 basis points to 4.25 percent. Pricing in the market currently indicates a 90 percent chance that the Fed will cut the funds rate to 4.25 percent which will mean that, since August, the Fed has cut by 100 basis points. The market is no longer pricing any chance of a cut of 50 basis points, as was the case a week or so ago.