After Powell's Speech, the Probability of a Fed Rate Cut in October on Polymarket Rises to 94%

BlockBeats News, October 15: Last night, after Fed Chair Powell’s “dovish” speech, the probability of a Fed rate cut in October on Polymarket has risen to 94%. Meanwhile, CME’s “FedWatch” data also shows a sustained high probability of 95.7% for a rate cut. Traders seem highly convinced of a Fed rate cut in October.