According to the latest data from Polymarket, the probability of the US Federal Reserve cutting interest rates in December has risen to 94%, with a 25 basis point reduction expected. The chance of maintaining the current rate stands at just 6%, while a 50 basis point cut remains unlikely at around 1%. Trading volume on this prediction has reached approximately $260 million. Polymarket is a decentralized prediction platform where users bet on various topics, reflecting market sentiment on financial movements, economic policies, and global events. Changes in the Fed’s interest rates significantly impact the global economy and financial markets, attracting considerable attention from investors and experts. Rate cuts typically aim to stimulate economic growth and make borrowing cheaper, whereas hikes are intended to control inflation. Recent signs of economic slowdown and financial pressures have increased expectations for a rate cut. Should these predictions prove accurate, a December rate cut by the Fed could positively influence global markets but may also raise inflation risks. Investors and analysts will closely monitor upcoming economic data and Fed policy developments in the coming weeks.
Source: binance
