📉🏦🇺🇸 #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.

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