Just now: 🇺🇸 The probability of the Fed raising rates by 25 basis points in December suddenly plunged!
Polymarket data shows the probability of a rate hike rapidly fell from around 77% to 67%, dropping 10 percentage points in a short time.
Concerns about a rate hike have finally eased somewhat, but a 67% probability is still quite high.
The upcoming jobs and inflation data may well be what determines the Fed’s policy direction in December.
Whether stocks and Bitcoin can catch their breath depends on the data coming up.
$BTC $QQQ $GOOGL
Polymarket data shows the probability of a rate hike rapidly fell from around 77% to 67%, dropping 10 percentage points in a short time.
Concerns about a rate hike have finally eased somewhat, but a 67% probability is still quite high.
The upcoming jobs and inflation data may well be what determines the Fed’s policy direction in December.
Whether stocks and Bitcoin can catch their breath depends on the data coming up.
$BTC $QQQ $GOOGL
