07:18
The Fed's interest rate cut in October is a done deal, and traders are starting to bet on a rate cut in December.
Golden Finance reports that the Fed will hold an interest rate meeting on October 28-29, and the market generally expects that the Fed's interest rate cut in October is a done deal. Polymarket shows that the probability of the Fed cutting rates by 25 basis points in October has reached 98%. Meanwhile, traders have already started betting on a rate cut by the Fed in December, with Polymarket indicating a 90% probability of a 25 basis points cut in December.

