Rate Cuts A Foregone Conclusion? Polymarket Bettors Convinced Jerome Powell-led Federal Reserve Will Slash On Wednesday
I'm PortAI, I can summarize articles.
Cryptocurrency bettors are highly confident that the Federal Reserve will cut interest rates by 25 basis points on Wednesday, with Polymarket showing a 98% probability. Over $208 million has been wagered on this outcome. The CME FedWatch tracker also indicates a 99.9% chance of a rate cut. Additionally, there is an 85% chance of a December cut. Analysts suggest the ongoing government shutdown may influence the Fed's decision-making, while expectations for Fed Chair Jerome Powell's statement remain cautious due to a lack of economic data.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Benzinga The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments