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Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut

Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75%...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut
Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% likelihood of a 25-basis-point (bps) rate cut. Over on Polymarket, bettors are even more confident, showing an 82% chance of […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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