President Donald Trump wants the Federal Reserve to keep cutting interest rates. That looks unlikely — at least for now.
Investors agree that the Fed, which announces its latest interest rate decision on Wednesday, will choose to sit tight for the time being.
From strategists at Bank of America: "The Fed's communication since the October meeting has been crystal clear: policy is appropriate and there would need to be a 'material reassessment' of the outlook to adjust rates."
A solid jobs report for November all but ensured that policy will remain unchanged.
Things get much more interesting when looking ahead to 2020.
Wall Street's view: Goldman Sachs expects rates to stay on hold next year, with Fed members signaling one hike in 2021 and one in 2022. But not everyone agrees. UBS, for example, thinks that the Fed will cut interest rates in March, April and June.
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