As Polymarket predicted in advance, the Fed delivered a 25bps rate cut. All eyes now look ahead to 2026 and the trajectory of interest rates.

A raft of soft economic data and concerns around the labor market and growth saw the odds of a 25bps cut soar higher.

Market quickly reacted bringing 25 bps decrease from 34-54% in 14 minutes. No legacy media reported.

Traders reportedly reacted to comments from Fed Governor [name] suggesting the central bank may hold off on further rate hikes in December, citing signs of moderating inflation.

A Wall Street Journal analysis suggested the Fed will likely keep rates steady in December, as officials aim to assess the impact of past hikes before resuming their tightening campaign, sources indicate.

Data from the Bureau of Labor Statistics showed the consumer price index rose 0.4% in October, beating economists' forecasts and raising doubts about the Fed's ability to quickly tame inflation.