Svmuu News According to pricing on the Kalshi prediction market, the probability of the Fed implementing a rate cut before 2027 is currently only about 50%, a significant drop from the 80-90% probability seen earlier this year. As the Federal Open Market Committee (FOMC) convenes for its meeting, the market is effectively pricing in a "higher for longer" interest rate environment, indicating a lack of confidence in near-term monetary policy easing.