On September 18, 2024, the Federal Open Market Committee (FOMC) of the Federal Reserve will hold a meeting and decide whether to cut interest rates at this meeting. The market predicts that the probability of the Fed cutting interest rates by 25 basis points is 87%, and the probability of cutting interest rates by 50 basis points is 13%. This decision will directly affect the mortgage rates, loans, savings accounts and credit card rates in the United States, and indirectly affect the direction of the global economy. Bettors on the Polymarket platform have placed heavy bets on the Fed's decision to cut interest rates on September 18. They believe that the probability of the Fed cutting interest rates by 25 basis points is 92%, and the probability of cutting interest rates by 50 basis points is 7%. Interestingly, this $25 million bet also indicates a 2% probability that there will be no interest rate cut at all. As the FOMC meeting approaches, market participants seem to generally believe that the Fed will cut interest rates by at least 25 basis points, but this view is still very uncertain. The Fed's decision will affect the entire financial market, affecting the direction of economic conditions, and thus affecting consumer behavior and market sentiment in the future. Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or FameEX official views.
