Polymarket users forecast 97% probability of 25 bps rate cut

Polymarket users forecast 97% probability of 25 bps rate cut

Traders on the platform signal overwhelming confidence before the central bank’s key policy announcement.

Vivian Nguyen

Powered by Gloria

Updated 1:24 p.m. ET

Polymarket users are forecasting a 97% probability that the Federal Reserve will cut interest rates by 25 basis points today. The decision will come in under three hours.

The prediction market platform shows near-consensus expectations among users for the quarter-point rate reduction.

CME FedWatch data now indicate around a 90% probability of a rate reduction, leaving only just over 10% chance that the Federal Reserve will maintain current rates.

Polymarket users forecast 97% probability of 25 bps rate cut

Polymarket users forecast 97% probability of 25 bps rate cut

Traders on the platform signal overwhelming confidence before the central bank’s key policy announcement.

by Vivian Nguyen | Powered by Gloria

Polymarket users are forecasting a 97% probability that the Federal Reserve will cut interest rates by 25 basis points today. The decision will come in under three hours.

The prediction market platform shows near-consensus expectations among users for the quarter-point rate reduction.

CME FedWatch data now indicate around a 90% probability of a rate reduction, leaving only just over 10% chance that the Federal Reserve will maintain current rates.