Market is pricing in a 91.6% chance of interest rates being cut in September.

Don't fade.

e/acc || Building @ /nova || Catgirl maxi @ /imgnai || Dogecoin core dev 2013/14

Does this mean even if the interest rate cut happens in Sep the supposed upward price could be limited because it's already priced in?

No, I generally don't buy into the "it's priced in" mantra.

People ran with "it's priced in" for the BTC ETF when we rocketed to about $40k or so on the announcements. Then we broke the ATH.

Interest rates being cut means there'll be more liquidity available overall in the market - similar to how BTC ETFs allowed for a new form of liquidity flow into the network.

A decent level of speculative buying/selling happens based off prediction markets, and there's always sell the news events to boot, but assuming everything is priced in often results in missing some incredible opportunities tbh

300 $degen

True, the market isn't always that efficient. I'm basically feeling bullish of the interest rate cut and the following upward price action but I was just surprised to see the 91%. Thanks for the elaboration eggman (and for the tip).