According to monitoring by Svmuu Seer's Prophet Channel, the probability of the Polymarket event "Fed rate cut before the June FOMC meeting concludes" has dropped 11% in 24 hours and is currently reported at 28%, having previously reached as high as 39%. The trading volume for this event is nearly $1.8 million.
Previous news indicated that consecutive increases in core PCE are unfavorable for Fed doves. Furthermore, the Fed is now expected to cut rates by 25 basis points each in September 2026 and March 2027, whereas previous forecasts anticipated cuts in June and September of this year.
Svmuu Seer's Prophet Channel continues to monitor prediction markets, seeing changes before they are priced in.