Bets on an emergency Federal Reserve rate cut are rising sharply Monday, as mounting fears of a looming U.S. recession and sudden, severe stock market crashes – already erasing trillions in market value – prompt speculators to anticipate swift central bank action ahead of scheduled meetings. On the CFTC-regulated prediction market platform Kalshi, contracts betting on "the number of emergency rate cuts this year" have gained notable traction in recent hours.
