Polymarket's 24-hour probability of a Fed rate cut has fallen 11%, currently standing at 28%.

According to Mars Finance, the probability of a Fed rate cut on Polymarket has fallen 11% in the past 24 hours, currently standing at 28%, down from a high of 39% previously. Trading volume for this event is nearly $1.8 million. Previous reports indicated that the continued rise in core PCE is unfavorable to a dovish stance from the Fed. Furthermore, the Fed is now expected to cut rates by 25 basis points each in September 2026 and March 2027, compared to previous forecasts of cuts in June and September of this year.