Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Investors in Polymarket Are Certain That FED Will Cut Interest Rates This Month! How Will It Affect Bitcoin? Here Are the Details

Investors in Polymarket Are Certain That FED Will Cut Interest Rates This Month! How Will It Affect Bitcoin? Here Are the Details

BitcoinsistemiBitcoinsistemi2024/09/03 12:06
By:Utku Yanık

Investors on Polymarket, a prediction market platform, believe the Fed will cut interest rates at the meeting on September 17-18.

Traders on Polymarket, a leading prediction market platform, are overwhelmingly predicting that the Fed will cut interest rates by 25 basis points at the Federal Open Market Committee (FOMC) meeting scheduled for September 17-18, 2024.

Polymarket Investors Expect 25 Basis Point Rate Cut Ahead of Fed's September Meeting

The prediction market saw a significant trading volume of $10.9 million, with 77% of traders predicting the Fed will cut interest rates by 25 basis points. In contrast, 21% of respondents expect a more significant cut of 50 basis points, while only 3% believe the Fed will maintain current rates.

This expectation stems from several economic factors, including falling inflation and a weakening labor market, both of which support a rate cut.

The Federal Reserve’s dual mandate of balancing inflation control with economic growth also weighs on market sentiment. A 25 basis point cut appears to have been agreed upon, but a larger cut remains a possibility if economic conditions deteriorate further.

Related News Binance Futures Announces Listing of This Altcoin with 75x Leverage!

Analysts are predicting that Bitcoin price volatility will decrease as the Fed begins its rate-cutting cycle, while the broader crypto market prepares for the potential impact of lower interest rates on asset prices.

Polymarket saw an increase in activity last year, with total transaction volume rising from $1 billion in July to $1.52 billion by the end of August.

The platform is becoming an increasingly influential player in the prediction market space by allowing traders to bet on various outcomes using crypto tokens.

*This is not investment advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!