The Federal Reserve meets today and will decide the direction of medium- and long-term financial marekts, QCP Capital said in its latest report. Market participants expect a 33% chance of a 25 basis point cut and a 66% chance of a 50 basis point cut, according to Fed Funds Futures Pricing. However, economists polled by Bloomberg believe a 25 basis point cut is more likely, with 104 out of 114 predicting it will happen. Only 9 out of 114 economists expect a 50 basis point cut. QCP C...