Why foregone Is Trending Today?

On October 29, 2025, stock markets closed with mixed results following a statement from Federal Reserve Chair Jerome Powell that a December rate cut was "not a foregone conclusion." Meanwhile, tech giant Nvidia reached a historic milestone, achieving a market capitalization of $5 trillion.

Jerome Powell, the Federal Reserve Chair, stated that a December interest rate cut is "far from a foregone conclusion," leading to a dip in Bitcoin prices and a sharp fall in U.S. stock markets. Despite the Fed cutting rates by 25 basis points, Powell emphasized the division within the Fed and the uncertainty surrounding a potential December rate cut. Meanwhile, Polymarket bettors were previously convinced that a rate cut was imminent, given the high probability bets placed on the platform.