Federal Reserve Chair Jerome Powell has affirmed that the U.S. economy is maintaining strong growth despite energy shocks stemming from the conflict in Iran. Powell highlighted robust consumer spending and data center investments as key drivers of this expansion.
On the Polymarket platform, traders are betting heavily on the Federal Reserve maintaining interest rates, with an 85.5% probability that rates will remain unchanged after the July 2026 meeting. The likelihood of a 25-basis-point rate cut following the June 2026 meeting is currently at 3.6%. Total trading volume across these markets reached $506,803 in USDC, reflecting confidence in Powell's assessment of economic resilience.
Fed Chair Powell Confirms Strong U.S. Economic Growth Amid Iran Conflict
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