Polymarket Prices 56% Odds of Another 25-Basis-Point Fed Rate Hike in October
JH Kim
Summary
- Prediction market Polymarket is pricing in a 56% chance of a 25-basis-point additional hike by the Fed in October.
- Traders see a 56% chance that the Fed will raise its benchmark interest rate by 25 basis points at the October FOMC meeting.
- Polymarket’s figures are real-time prices based on bets by market participants and do not represent an official forecast.
Forecast Trend Report by Period
Prediction market Polymarket is pricing in a 56% chance that the Federal Reserve will raise its benchmark interest rate by another 25 basis points in October.
Cointelegraph reported on Sept. 18 that traders see a 56% probability of a 25-basis-point increase at the Fed’s October Federal Open Market Committee meeting. One basis point equals 0.01 percentage point.
The pricing reflects market expectations for further tightening after the Fed raised rates by 25 basis points at its September FOMC meeting.
Still, Polymarket’s figures are real-time prices based on bets by market participants. They do not represent an official forecast of the Fed’s rate decision.
JH Kim
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