One trader stands to gain 400,000 USD on a 7,000 USD bet that the Fed will cut rates by 25 basis points. However, 98% of Polymarket users believe the rates will not change during the upcoming meeting.
Concerns over Trump’s tariffs affecting inflation and employment contribute to recession fears. Jerome Powell shows reluctance to cut rates amid these trade uncertainties, despite a surprising 1.8% rise in consumer spending last quarter.
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