Not much question, according to the market. Here are the probabilities extracted from options on federal funds futures (generated, as usual, by Research Analyst extraordinaire Erkin Sahinoz. You can click on the picture for a better look.)
Pretty much a slam dunk on another 25 basis points. Maybe February is a little more interesting?
A little, but the probability of 25 again in February is running at about 80 percent. The Iowa Electronic Markets tell a similar tale.
The market, anyway, seems to have a pretty clear opinion about what it means for "policy accommodation [to] be removed at a pace that is likely to be measured."