Trump is openly campaigning for more than a quarter-point cut but the market has discarded that outcome.
The Fed “raised” way too early and way too much. Their quantitative tightening was another big mistake. While our Country is doing very well, the potential wealth creation that was missed, especially when measured against our debt, is staggering. We are competing with other.....— Donald J. Trump (@realDonaldTrump) July 29, 2019
Trump's views are widely understood, but he is on the campaign trail anyway: Trump Says He Wants More Than ‘Small’ Fed Rate Cut.
The market thinks there is only a 27.1% chance of a 50 basis point cut.
That is up from 18.8% yesterday so it's likely Trump shifted the odds, but not enough.