Traigators of Polymarket, a decentralized platform that operates on cryptocurrency, had largely anticipated that the US Federal Reserve would cut interest rates at the next meeting of the Federal Open Market Committee (FOMC), scheduled for September 17th.
On the platform, Users have invested $11 million in this forecastwill close the same day as the meeting.
According to BET, you can see it in the image below: 80% believe the Fed will cut fees(of which most people have been waiting several times for a 0.25-point cut and a 0.50-point cut). Meanwhile, 20% claims that the prices will not change, while 1% bets on an increase of 0.25%. The fact that the numbers are rounded makes the total slightly higher than 100%.
Fed president Jerome Powell last week announced that interest rates will remain in the range of 4.25% to 4.50% this month, reflecting his cautious attitude, as reported by Cryptonosis.
Powell emphasized that. Without providing clear details, reductions depend on the particular economic situation About what will happen. This decision contrasts with the expectations of trainers looking at reliable indicators of collectivity in polymer casses, unlike traditional research, as bets include real money.
In this connection, US President Donald Trump has publicly pressed Powell to lower fees and stimulate the economy. Trump has openly criticised the Fed president, even questioning his continuity in office, creating tensions that could affect monetary policy decisions.
Expecting rate reduction It directly affects volatile assets such as Bitcoin (BTC). When the Fed lowers its fees, it reduces debt costs and encourages investors to direct their funds towards higher risky assets such as Bitcoin, cryptocurrency and action.
Historically, Bitcoin has a reverse correlation with interest rates, and effectively lowering interest rates can lead to price increases. By reflecting these bets, Polymarket provides investor optimism a window into the possibility of monetary policy change.
(TagStoTRASSLATE) Bitcoin (BTC) (T) US (T)
