Polymarket Trader Places $15,000 Bet on 50bps Fed Rate Cut
Trader JustWakingUp on Polymarket is betting that the Federal Reserve will cut interest rates by 50 basis points next week. Key points include:
- The trader has a total trading volume of nearly $400 million and profits exceeding $2 million.
- A $15,000 bet has been placed on a 50 bps cut to 3.75%, currently showing a 3% gain.
- If successful, the payout could reach around $226,000.
- The market anticipates a 25 basis point cut, with a 91% probability per the CME's FedWatch Tool.
- Chances for a 50 bps cut have increased to nearly 10% following a disappointing jobs report.
- The U.S. economy saw a downward revision of 911,000 jobs in the past year, the largest on record.
- Upcoming data releases from the U.S. Producer Price Index and Consumer Price Index could influence expectations for rate cuts and impact bitcoin and stock prices.