tool up

1. Provide the equipment for a particular task, as in Now that we're all tooled up let's repair the boat . This term originated in industry, where it is used for supplying a factory with machinery or other equipment for production. [1920s]

2. Arm oneself, as in They tooled up for their encounter with the rival gang . [Second half of 1900s]

Example Sentences

Investors responded by firming up their bets on lower borrowing costs—they’re now pricing in a 93% chance of a half-point cut by the end of the year, according to the CME Fedwatch tool, up from 79% a week ago.

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Markets are pricing in about a 50% chance of a rate cut of at least 25 basis points as soon as May, according to the CME Group's FedWatch Tool, up from about 41% a week earlier.

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Despite the US economic data, views for the Federal Reserve remained largely intact, with expectations the central bank will hold rates steady at the conclusion of its Sept. 19-20 policy meeting at 97%, according to CME's FedWatch Tool, up slightly from the 96% on Wednesday.

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Futures markets on Friday priced a nearly 73% chance that rates don’t rise above current levels through the end of the year, according to CME’s FedWatch tool, up from 24% a month ago.

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Traders were pricing in an 86.8% chance that the Fed will hike rates by 25 basis points to 5.25%-5.50% range in its July meeting, according to CMEGroup's Fedwatch tool, up from roughly 72% a week earlier.

Read more on Reuters