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Author: Jose Oramas

Most Traders Still Believe in 4-5 Rate Cuts in 2024, As Crypto Awaits Fed Announcement

Polymarket traders are nearly certain of a Federal Reserve interest rate cut at the upcoming meeting on September 18, with odds at 99% for a 25 basis-point reduction. This would bring the federal funds rate to 5.00%-5.25%. Related: BlackRock Cautious on Fed Cuts Amid Inflation, Despite Rising Crypto ETF Investments Bettors have placed over US$16M

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