Fedwatch Tool and Polymarket point to high chances for September rate cut

At the moment, the market is leaning towards the US Federal Reserve cutting the benchmark interest rate at the Federal Open Market Committee (FOMC) meeting on September 18, 2024. The CME Fedwatch tool currently indicates a 75% probability of a rate cut of 25 of basis points (bps). On Polymarket, punters are even more confident, showing an 82% chance of (…)