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Federal Reserve officials, including Vice Chair Philip Jefferson, have indicated that the central bank is not inclined to raise interest rates at the upcoming policy meeting. This stance has led financial markets to significantly reduce their expectations for an immediate rate hike.
Cryptocurrency bettors have sharply lowered the odds of a quarter-point interest rate in October, following pushback from key Federal Reserve officials against rushing the next policy move. Rate Hike Bets Cool Across Prediction Markets The odds of a 0.25% rate cut by the Kevin Warsh -led Fed stood at 25% on Polygon (CR