Polymarket data: The probability that the Federal Reserve will keep interest rates unchanged in 2024 is 32%

PANews reported on April 19 that according to CoinDesk , Polymarket data showed that traders currently believe that the probability of the Federal Reserve keeping interest rates unchanged in 2024 is 32%, a sharp increase from 7% in March. At the same time, the market's expectations for the Federal Reserve to cut interest rates by 25 basis points this year have fallen to 27%. Analysts pointed out that this hawkish shift in market sentiment could weaken demand for risky assets, including cryptocurrencies and technology stocks. In addition, although Bitcoin prices soared to a record high of more than $73,000 in the first quarter of this year due to expectations of a rapid rate cut, the upward trend in Bitcoin prices has stagnated since mid-March and is currently trading between $60,000 and $70,000. The latest statements from Federal Reserve Chairman Powell and other regional Federal Reserve chairmen also show that interest rate cuts are unlikely in the short term.