Fed Leans Toward Dec. Rate Pause, Minutes Show
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A key Polymarket contract tracking the Federal Reserve’s December rate decision has seen its probability of a cut plunge from nearly 90% in late October to just about 30% today, as traders grapple with the fallout from the missing October jobs report and heightened macro uncertainty.
Traders slash chances of a December cut to 33% as the Fed loses a key data point ahead of its final 2025 meeting.