Top Trending: Fed Rate Drop Betting Odds

Submitted by C Costigan on

Written by :

C Costigan

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The Federal Reserve is widely expected to announce its first interest rate cut of the year on Sept. 17, potentially ushering in a series of reductions that would lower borrowing rates for businesses and consumers. Scroll down for all the latest gambling headlines from around the globe and the top trending gambling articles at Gambling911.com.

Economists and investors anticipate a quarter percentage point cut as reports suggest the jobs market is weaker than previously believed. 

That is also the odds on favorite expectation in the prediction markets and from our friends at BetOnline. 

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What will Federal Reserve rate decision be at conclusion of FOMC?

Decrease Rate -5000

No Change +1200

Increase Rate +10000

(Odds equate to a 98% implied probability that rate will decrease)

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Casinos

  • Jay-Z-Backed Plan Loses Bid to Put a Caesars Palace in Times Square: Rev Al Offers His Take - The Times Square casino developers, which included the hip hop mogul’s Roc Nation company, proposed renovating an office tower at 1515 Broadway that currently houses the Minskoff Theatre, which is home of long-running “The Lion King” musical. Broadway didn't want it. Marc Holliday, CEO of SL Green, which was the project's primary developer and property owner, torched the decision following the brief vote in a small conference room overlooking Times Square. “This was a despicable display of cowardice, a complete lack of consideration for all the people who would benefit from this," he shouted at committee members as they silently filed out. “Go run and hide.” The Rev. Al Sharpton, who has been a vocal backer of the casino plan, criticized the vote as a decision that preserved the historically white control of Times Square entertainment businesses. “We will remember that in the community,” he said after the all-white committee voted. (read more at WNBC)

Daily Fantasy Sports 

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Gambling News

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Gambling Markets 

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- Chris Costigan, Gambling911.com Publisher 

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