Polymarket Prices 37% Chance of Fed Rate Hike in October, 61% Odds of Hold
JH Kim
Summary
- Polymarket showed a 37% chance that the Federal Reserve will raise its benchmark interest rate in October.
- On Polymarket, the odds of a hold stood at 61%, indicating bettors see a pause as more likely than a hike.
- Polymarket’s figures are based on participants’ trading prices and may change as future betting flows shift.
Forecast Trend Report by Period
Polymarket, a prediction-market platform, is pricing in a 37% chance that the Federal Reserve will raise its benchmark interest rate in October. The probability of rates remaining unchanged stands at 61%.
Cointelegraph, a cryptocurrency-focused media outlet, reported on October 30 that traders see a 37% chance of a Fed rate increase in October and a 61% chance that rates will stay at current levels.
Current betting on the platform assigns higher odds to a hold than to a rate hike.
Polymarket’s figures are derived from trading prices set by participants in the prediction market and may change as betting flows shift.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.