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Top Polymarket Trader Bets on Fed’s 50 Basis Point Rate Cut
Top Polymarket Trader Bets on Fed’s 50 Basis Point Rate Cut
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BTCCSquare news:
A prominent trader on Polymarket, identified as JustWakingUp, has placed a $15,000 wager predicting a 50 basis point rate cut by the Federal Reserve next week. The trader, known for nearly $400 million in volume and over $2 million in profits, stands to gain $226,000 if the Fed lowers rates to 3.75%. Market consensus favors a 25 bps cut, but weaker economic data has fueled speculation of more aggressive action.
BlackRock and Standard Chartered have publicly endorsed the case for a 50 bps reduction. Upcoming PPI and CPI reports will be critical in shaping expectations. Softer inflation readings could tilt the scales toward a larger cut, potentially impacting crypto markets as liquidity conditions evolve.
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