After Powell's speech, the probability of the Fed lowering interest rates in October on Polymarket rose to 94%.

On October 15, after Powell's "dovish" speech last night, the probability of a rate cut by the Fed in October on Polymarket has risen to 94%. Meanwhile, the CME "Fed Watch" data also shows the rate cut probability remains high at 95.7%. Traders seem to be highly convinced of a rate cut by the Fed in October.

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