Crypto Traders See 85% Rate Cut Odds In 2025, While Morgan Stanley Says Fed Will Stay On The Sideline
Ahead of Federal Reserve Chair Jerome Powell’s pivotal Jackson Hole address on Friday, cryptocurrency bettors are pricing in more than an 80% chance that the central bank cuts interest rates this year.
On the prediction platform Polymarket, the likelihood that the Fed loosens its monetary policy on or before Dec. 31 stood at 85% at the time of writing. Nearly $990,000 has already been wagered on the bet.
Meanwhile, the CME FedWatch tracker showed a 75% chance of a 25 basis-point cut in next month’s meeting, down from 92% a week ago.
Polymarket, based on Polygon (CRYPTO: POL), allows users to buy “Yes” and “No” shares in USDC (CRYPTO: USDC). The shares representing the correct outcome are paid out $1 USDC…
