Prediction Market Traders Increase Odds of Surprise Fed Rate Hike
Prediction market traders have increased the likelihood of a surprise rate hike by the Federal Reserve ahead of its two-day meeting. On Polymarket, the probability for no change dropped from 82.15% to 73.25%, while the chance of a 25-basis-point increase rose sharply to 26.65%. Similar trends were observed on Myriad, where
Topics: Fed funds futures Federal Reserve interest rates prediction markets