Crypto news: market expectations for the U.S. Federal Reserve to cut rates before 2027 have cooled significantly. Kalshi’s prediction market pricing shows that the market now assigns only about a 50% chance to one rate cut by the Fed before 2027, down sharply from the 80–90% probability earlier this year. As the Federal Open Market Committee (FOMC) meets, the market is effectively pricing in a rate environment of “keeping high interest rates for longer,” indicating a lack of confidence in near-term monetary policy easing.