PolyMarket: 32% chance of no Fed interest rate cut this year

“We recognize that there is no traditional justification for interest rate cuts in the United States in the near term. Employment is strong, retail sales are beating expectations, first quarter GDP is not expected to be significantly lower than the fourth quarter, and inflation remains stubborn. Yes, even Fed Chair Powell, who less than four months ago said a rate cut was imminent, is now suggesting rates could remain high for longer than previously expected,” said Noelle Acheson, author of the Crypto Is Macro Now newsletter. said. Wednesday edition.