Derek Izuel, CFA points to two things that could shake U.S. markets: a weakening U.S. Dollar, and investors turning to international stock markets.

The U.S. Securities & Exchange Commission (SEC) published its final rule on climate-related disclosure by publicly-traded companies in March of this year.

As Jeffrey A. Rosenkranz, Portfolio Manager noted, "An emergency cut would provide little immediate relief for consumers but would, in such a circumstance, “help avoid the wealth destruction that would come with a big correction in stocks or the housing market."

Jeffrey Rosenkranz, portfolio manager at Shelton Capital, expects Powell to lean more toward 25-bp cut than 50. Recently, markets have reduced the probability of a 50--bp cut — to 24.5% on Thursday from 38.0% on Wednesday. "So if he wants to just nudge that even closer to 25 and no more than 25 basis points, he could do that," he said in a recent interview with Seeking Alpha.