Polymarket data: The probability that the Fed will keep interest rates unchanged in 2024 is 32%

PANews reported on April 19 that according to CoinDesk, Polymarket data shows that traders currently believe that the probability of the Federal Reserve keeping interest rates unchanged in 2024 is 32%, which has increased significantly from 7% in March. At the same time, market expectations for the Federal Reserve to cut interest rates by 25 basis points this year fell to 27%. Analysts noted that this hawkish shift in market sentiment could weaken demand for risk assets, including cryptocurrencies and technology stocks. Furthermore, while Bitcoin prices surged to record highs above $73,000 in the first quarter of this year in anticipation of a quick interest rate cut, the upward trend in Bitcoin prices has stalled since mid-March and is currently trading between $60,000 and $70,000. between. The latest statements from Federal Reserve Chairman Jerome Powell and other regional Fed chairmen also indicate that an interest rate cut is unlikely in the short term.