TechFlow news, according to the latest data from Polymarket prediction markets, the total amount wagered on "Federal Funds Rate: September 2024" has exceeded $1.5 million.
Investors widely expect the Federal Reserve to make a significant rate cut in September 2024. Data shows a 58% probability that the Fed will cut rates by 50 basis points, with wagers on this option totaling $743,134.
For other options, there is a 38% chance of a 25-basis-point rate cut, a 6% chance of no change, and less than 1% probability of a 25-basis-point rate hike.
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