The Fed's interest rate cut in October is a done deal, and traders are starting to bet on a rate cut in December.

[Fed's rate cut in October is a done deal, traders start betting on a December cut] The Fed will hold a monetary policy meeting on October 28-29, and the market widely expects that the Fed's rate cut in October is a done deal. Polymarket shows that the probability of a 25 basis point rate cut by the Fed in October has reached 98%. Meanwhile, traders have started betting on a December rate cut by the Fed, with Polymarket indicating that the probability of a 25 basis point rate cut in December has reached 90%.

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