[Market Expectations for Fed Rate Cuts Before 2027 Have Significantly Cooled] Jin10 News, April 29 – Pricing in the Kalshi prediction market shows that the probability of the Federal Reserve implementing a rate cut before 2027 is currently only about 50%, a sharp drop compared to the 80-90% probability earlier this year. As the Federal Open Market Committee (FOMC) convenes, the market is effectively pricing in a 'higher-for-longer' interest rate environment, indicating a lack of confidence in near-term monetary policy easing.