Polymarket bets Powell to open presser with 'good afternoon'
Polymarket users are betting on Federal Reserve Chairman Jerome Powell signaling interest rate cuts at the beginning of Wednesday’s Federal Open Market Committee press conference by opening with “good afternoon.”
TL;DR
- Polymarket users are betting on Federal Reserve Chairman Jerome Powell signaling interest rate cuts at an upcoming FOMC press conference.
- The bets are based on Powell's past habit of using "good afternoon" before rate cuts and "hello everyone" when rates stay the same.
- Users are also betting on Powell mentioning the government shutdown, unemployment, and inflation.
- Polymarket has a history of successful predictions, including election outcomes.
- Odds for Kevin Hassett taking over as Fed chairman have increased.
- Polymarket is regulated by the CFTC in the U.S.