Polymarket Bets 10% on 2024 US Recession, Analyst Skeptical of Rate Cut’s Impact

The prediction market Polymarket and CME’s Fedwatch tool suggest that a rate cut during the Federal Open Market Committee (FOMC) meeting in September is highly likely. However, BCA Research’s chief asset allocation strategist, Garry Evans, argues that even if rates are lowered, it won’t stop a recession in the United States. On the flip side, […]

source https://news.bitcoin.com/polymarket-bets-10-on-2024-us-recession-analyst-skeptical-of-rate-cuts-impact/