The Federal Reserve is expected to announce its first interest rate cut in over four years during its September FOMC meeting, with markets pricing in a 60% chance of a 50-basis-point reduction. Analysts are divided on the size of the cut, with some, like CNBC's Jim Cramer, urging investors to focus on stocks that will benefit from a rate cut rather than the specifics of the reduction. Notably, the Fed's post-decision statement and its Summary of Economic Projections will be critical in shaping the market's outlook on growth and inflation. Current economic data, including muted inflation and growth concerns, have led traders to anticipate further cuts through the end of the year. In related market movements, stocks like Home Depot and Stanley Black & Decker are highlighted as potential beneficiaries of lower borrowing costs, while gold prices are set for a rally due to upcoming elections and shifts in interest rates. The overall sentiment is that market reactions to the Fed's decisions will be more significant than the cuts themselves.