Wall Street Bets on Rate Cuts as Trump-Cook Drama Drags OnStock Market News From Aug. 27, 2025: Dow Rises Ahead of Key Nvidia EarningsLast Updated:13 hours agoInvestors are even more sure the Federal Reserve will cut interest rates at its next meeting in September as they wait to see how President Donald Trump's push to oust Federal Reserve Governor Lisa Cook plays out.Traders think there's an 87% chance the central bank lowers borrowing costs at the meeting, per the CME FedWatch tool. A week ago, they put the odds of a cut at 82%.The White House has repeatedly called for rate cuts, so a shake-up on the Fed's board could make monetary easing more likely. Trump is weighing up appointing close economic advisor Stephen Miran or former World Bank Group President David Malpass to replace Cook on the Fed's Board of Governors, The Wall Street Journal reported on Tuesday, citing people familiar with the matter.