📉🏦🇺🇸 #Macro | The probability of a rate cut by the #Fed collapses
Yesterday, the market was pricing in a probability close to 25% that #JeromePowell and the Fed would announce a 0.25% rate cut this month. However, according to Polymarket, that probability has drastically reduced to just 6%. 📊😮
🔍 This sharp reversal reflects that the latest macro data, such as employment and economic activity, are maintaining pressure to keep rates at current levels, cooling expectations for immediate monetary relief.