After Powell's speech, the probability of a Fed rate cut on Polymarket rose to 94%
ChainCatcher news, after Powell's "dovish" speech last night, the probability of a Federal Reserve rate cut on Polymarket has risen to 94%. Meanwhile, the CME "FedWatch" data also maintains a high rate cut probability of 95.7%. Traders seem to be highly confident in a rate cut by the Federal Reserve in October.
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