Why would the Fed cut interest rates a 3rd time?

[tsptalk]

Why would the Fed cut interest rates a 3rd time in a row even as stocks near records? Investors may soon find out

Is three the magic number for Wall Street? We’ll soon find out. Only a few think that Jerome Powell & Co. will not cut interest rates next week for a third time in as many gatherings of the rate-setting Federal Open Market Committee.

Market-based probabilities imply a 93.5% chance of a quarter-of-a-percentage-point rate reduction to a 1.50%-1.75% range from the current 1.75%-2%, following the two-day Oct. 29-30 meeting, according to CME Group based on federal-funds futures.

... a failure to deliver a cut won’t be met kindly by investors.

https://www.marketwatch.com/story/w...ecords-investors-may-soon-find-out-2019-10-27