Critical FED Interest Rate Decision Approaching: Here Are the Latest Predictions and What You Need to Know

The Fed is under intense political and economic pressure ahead of its critical interest rate decision, which will be announced on October ￰0￱ President Donald Trump continues to call for interest rate cuts, data from prediction market Polymarket suggests investors are almost certainly expecting a ￰1￱ Predict 98% Chance of Fed Rate Cut According to Polymarket data, the probability of the Fed cutting interest rates by 25 basis points is priced in at 98%, excluding ￰2￱ speaking, the probability of a 50 basis point or greater cut is 1%, the probability of no change in interest rates is 1%, and the probability of a rate hike is less than 1%. Related News: Watch Out: Huge Critical Week Ahead - Numerous Economic Developments and Altcoin Events - Here's the Day-by-Day, Hour-by-Hour List The primary driver of market expectations for an interest rate cut has been the recent release of weak employment ￰3￱ lower-than-expected private sector employment figures, in particular, point to a slowdown in the labor ￰4￱ Fed, which resumed interest rate cuts in September, is expected to take similar action at this ￰5￱ at Bank of America Securities predicted that, “In addition to cutting interest rates by 25 basis points at its October meeting, the Fed may announce an end to its balance sheet contraction.” *This is not investment ￰6￱ Reading: Critical FED Interest Rate Decision Approaching: Here Are the Latest Predictions and What You Need to Know