Interesting shift happening here. A major Wall Street bank just flipped its 2025 outlook—they're now betting on a 25 basis point rate cut coming in December, completely reversing their earlier call of holding rates steady.

This kind of pivot from institutional forecasters doesn't happen in a vacuum. Usually signals they're seeing something in the economic data that wasn't there before. Maybe inflation cooling faster than expected? Growth concerns creeping in?

For those of us watching risk assets, this matters. Rate cut expectations tend to move markets—especially the volatile ones. If December actually brings that cut, we could see some interesting price action across the board as liquidity conditions ease up.

Worth keeping an eye on what other institutions start saying. When one major player changes their tune, others often follow. The consensus shift is what really drives momentum.