CME Futures and Polymarket Predict Jumbo 50bps Rate Cut – Will the Fed Deliver?

As US central bankers prepare for their meeting on Wednesday, with just a day to go, the likelihood of a 25 basis point (bps) cut versus a 50 basis point cut has been split evenly equal at 50-50. Fast forward to today and the odds are now leaning in favor of a cut of more than 50 bps. Predictions from the betting market (…)