Ahead of Wednesday’s expected rate cuts, Penn Mutual Asset Management portfolio manager George Cipolloni joins Josh Lipton and Josh Schafer on Market Domination Overtime to discuss what's to come from the Federal Reserve meeting and the market's expectations.

Cipolloni tells Yahoo Finance that he thinks the central bank should do a 50-basis-point cut, though “normally wouldn't want the Fed to do 50, but the market shifted so much over the last week or so” that a 25-basis-point cut could be disappointing.

If the Fed were to cut 25 points, “it seems like there's a prevailing theory out there that that might also cause a little bit of instability,” as “given the amount of data points we'd have to get between now and their next meeting in November,” that could make for a more volatile period between the September and November meetings.

“I think the Fed has done a really good job in terms of just holding the line, not pivoting too soon, but now with the expectation of the market… this is going to be the most uncertain FOMC meeting” since 2015.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Naomi Buchanan.