Polymarket bets 10% on US recession in 2024, analyst skeptical of rate cut impact

Predictions market Polymarket and CME’s Fedwatch tool suggest a rate cut is highly likely during the Federal Open Market Committee (FOMC) meeting in September. However, BCA Research chief asset allocation strategist Garry Evans argues that even if rates are low, it will not stop a recession in the United States. On the other hand, (…)