U.S. stocks kicked off the week in a mixed pattern, with sentiment turning cautious as traders consider a Fed rate cut all but fully baked into current valuations. CME FedWatch tool currently assigns a 90% likelihood to a quarter-point reduction at the Dec. 10 meeting.
Yet the odds of a follow-up move in January fell to 20%, signaling rising skepticism that the Fed will sustain its recent easing pace.
