Most Fed watchers and futures traders expect the Federal Reserve will trim the federal funds rate by a quarter point to a range of 3.5% to 3.75% on Dec. 10.

Morgan Stanley said on Friday it now expects the U.S. Federal Reserve to deliver a quarter-percentage point rate cut in December, joining peers J.P.Morgan and BofA Global Research, following dovish remarks from central bank policymakers.

The Federal Reserve maintained its benchmark interest rate on Wednesday, keeping borrowing costs at their highest level in more than two decades despite a prolonged cooldown of inflation. An interest rate cut is widely expected in the coming months.

The odds of a Fed rate cut have shifted again, which could keep savings and CD rates elevated into next year. Here’s how to track what’s coming.

Currently, the average interest rate on a 30-year fixed mortgage is 6.26%, compared to 6.21% a week ago, according to the Mortgage Research Center. For borrowers who want to pay off their home faster,