Polymarket data indicates a surge in trader confidence regarding Federal Reserve rate cuts. Initial data placed the probability of a 25 basis point rate cut in December at approximately 87%, with the chance of no cut dropping to roughly 13%. Furthermore, odds for three distinct rate cuts in 2025 reached an all-time high of 86%. This sentiment reflects a broader market conviction in a dovish monetary policy shift. [Update 1] Latest prediction market data from Polymarket shows the probability of a December rate cut has increased slightly to 88%. This reinforces the market's strong confidence in monetary easing before the end of the year, signaling that traders are positioning for a more dovish policy stance despite recent economic data points.