baked in the cake
adj.— «As a result, the futures market says a 25-basis-point hike in the federal-funds target, to 5%, at the May 10 meeting is baked in the cake.» —“Back to the Future” by Randall W. Forsyth Barron’s May 1, 2006. (source: Double-Tongued Dictionary)
Further reading
The word budget derives from French bougette, “leather bag.” An old phrase in English to open one’s budget, meant “to speak one’s mind.” The word purse is related to French bourse, a word for the stock market. This is part of a complete episode...
Daniel in Gainesville, Florida, shares a funny story about people who misunderstood a party invitation that called for Sunday-to-meeting clothes. In this case, the meeting isn’t just any meeting. It’s an old word for “church...