Polymarket traders are heavily betting on a federal funds rate cut at the upcoming FOMC meeting on September 17-18, 2024, with 77% predicting a 25 basis point reduction and 21% expecting a 50 basis point cut. The market sentiment is driven by declining inflation and a weakening job market, aligning with the Fed’s dual mandate. Analysts also anticipate reduced Bitcoin volatility as the rate-cutting cycle likely begins. Source: The Block