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After Powell's speech, the probability of a Fed rate cut on Polymarket rose to 94%
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According to ChainCatcher, after Powell's "dovish" speech last night, the probability of a Federal Reserve rate cut on Polymarket has risen to 94%. Meanwhile, CME "FedWatch" data shows the probability of a rate cut remains at a high level of 95.7%. Traders seem to be highly confident that the Federal Reserve will cut rates in October.
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