- 🚨The FedWatch tool, which analyzes fed funds futures trading, initially suggested two rate cuts later this year but has updated its prediction to three rate cuts, starting in September.$BNB $ETH $SOL 🌏⤴️🪙

- The FedWatch tool and Polymarket are predicting a high likelihood of a rate cut by the Federal Reserve in September.

- Despite these predictions, the Federal Reserve has maintained interest rates and signaled only one potential rate cut later this year.

- A rate cut would mean a reduction in interest rates, which could impact the economy, borrowing costs, and financial markets.

In summary, market predictions suggest a high likelihood of a rate cut in September, but the Federal Reserve has not confirmed this and has only indicated one potential rate cut later this year.