The post This Polymarket trader will take $400K if the Fed cuts rates tomorrow appeared on BitcoinEthereumNews.com.

Fed’s decision on Wednesday is awaited by Americans but more so by Polymarket bettors. One investor bet $7k on a decrease in interest rates by 25bps. However, the odds are pointing in a different direction.  According to the majority of polymarket bettors (98%), the Fed will not change the interest rates. On the other hand, 1.9% of traders think that the Fed will lower the rates by 25bps. If the latter goes through, the trader could make $400k. However, that is close to impossible. This guy will make $400,000 if the Fed cuts rates tomorrow. He bet $7k. Money pit or trade of the year? pic.twitter.com/n4tcD6qfT7 — Polymarket (@Polymarket) May 6, 2025 Trump’s erratic implementation of the highest US tariffs in a century has devastated consumer and business confidence, slowed down manufacturing, and caused a huge rush on imports. This has caused the US to go closer to the odds of a recession.  Jerome Powell shows no interest in lowering the rates, not after the insults that Trump has been throwing at him. He has made it clear that he is not in a hurry. However, never say never. Interest rates are not expected to change anytime soon – blame tariffs Rates are likely to stay the same at the Fed’s meeting on May 6-7, which will be the third meeting in a row. Eight times a year, the US central bank gets together to talk about the health of the economy and make decisions about monetary policy. These decisions affect the federal funds rate, which is the interest rate that US banks use to lend and borrow money overnight. The Fed Chair Jerome Powell has made it clear that he will continue to keep an eye on the job market and inflation before making any cuts. There is too…

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Filed under: News - @ May 6, 2025 9:27 pm