Market expectations for the Federal Reserve to cut interest rates before 2027 have significantly cooled

According to Jinshi reports, Kalshi's prediction market pricing shows that the market currently believes there is only about a 50% chance of the Federal Reserve making a rate cut before 2027, a significant drop compared to the 80%-90% probability earlier this year. As the Federal Open Market Committee (FOMC) holds its meeting, the market is actually pricing in a "high interest rate maintained for a longer time" rate environment, indicating a lack of confidence in recent monetary policy easing.