News Explorer — Growing Number of Polymarket Bets Say the Fed Might Keep Interest Rates Unchanged This Year

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Growing Number of Polymarket Bets Say the Fed Might Keep Interest Rates Unchanged This Year

The probability of the U.S. Federal Reserve keeping interest rates unchanged this year is increasing, according to betting on Polymarket. The likelihood of the Fed maintaining the benchmark interest rate between 5.2% and 5.5% by year-end has risen to 32%, compared to just 7% a month ago. This shift in sentiment could dampen demand for risk assets like cryptocurrencies and technology stocks.