Polymarket Predicts 93% Probability of December Fed Rate Cut

Users on the decentralized prediction platform, Polymarket, are betting heavily on a 25 basis points rate cut by the Federal Reserve at its upcoming December meeting. With a staggering 93% probability predicted, this reflects strong trader confidence in easing monetary policy. As the FOMC decision draws near – just five days away – traders believe inflation has cooled enough for the Fed to begin loosening its stance.