Cryptocurrency bettors now estimate a 50% possibility that the Federal Reserve will cut interest rates for the first time in 2025 during its September meeting.
What happened: As of this writing, the odds of a 25 basis point cut were at 50% on the decentralized prediction platform Polymarket. On the other hand, the odds that rates will remain unchanged from the current 4.25%-4.50% range were 44%.
