I've been reading and watching videos around and bases on that, seems like 75 basis points is the main target by FED and that's what market seems to be betting on feeling assured that'd be the case and is easing with the trade, pushing market up on such assumptions.
at least seems like the greater chances that 75bps will be the case
and FED still doesn't seem to be serious enough to tame the market to take it to line.
I doubt that they will do 100bps this time, but who knows, for once they can may be do something we don't expect.
My expectations are, doesn't matter if it's 75bps or 100bps, for a week or 3 market will fluctuate to down and since Fed is taking some sort of break for 2 months till September (only heard it from a video) in that mean time market will behave like lose kindergarten kids messing things up around playing recklessly. Means I expect market after some time in that 2 months time can go upwards.