🇺🇸 Chances of Fed Rate Cut in May Drop Sharply
Polymarket users are predicting an 88% chance that the Fed will keep rates unchanged at 4.5% at its May meeting, up from a 62% chance just a week ago.
📊 Meanwhile, investors expect rates to remain unchanged in May with an 85% probability, according to CME Group.
🛍 The chances of a rate cut in May have fallen after Powell's speech yesterday. So the Fed will keep rates high until inflation shows signs of falling. Or the second option is that the markets fall and the US economy slows, which will lead to a recession.
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