While the Federal Reserve’s recent decision to cut interest rates by 25 basis points was widely anticipated, the economic climate remains unclear with President-elect Trump’s fiscal policies.

UBS Investment Bank senior economist ​​Sonia Meskin joins Market Domination to break down the Fed’s drama-free approach and how she expects another 25 basis point cut in December’s meeting, before a pause in January.

"There’s a lot of policy uncertainty and the Fed is facing a different environment than when Trump took office in 2016," Meskin tells Julie Hyman and Josh Lipton.

“Even though the economy is doing well,” Meskin said, “each time that there's a tax cut, the marginal benefit of this tax cut is probably going to be smaller than it would have been otherwise.”

Watch the video above to hear why Meskin thinks rates will be determined "less about the Fed and more about the deficit."

To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

This post was written by Cindy Mizaku.