📰 Polymarket: 85% chance Fed will raise interest rates by 0.25 points in December
📌 According to data from Polymarket, as of November 10, traders priced in an 85% chance that the U.S. Federal Reserve (Fed) will raise interest rates by 0.25 percentage points in December. Following an October inflation report that came in higher than expected, the combined probability of a tightening move (including a 0.5-point increase) reached around 97.7%.
📌 Specifically, contracts for a 0.25-point hike were trading at 85 cents, while contracts for an increase of at least 0.5 points were priced at 12.7 cents. The probability of rates remaining unchanged was just 2.9%, and each rate-cut scenario was below 1%. Total trading volume in this market was about $22.6 million at the time of checking.
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🔗 Source: Cryptonews
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
📌 According to data from Polymarket, as of November 10, traders priced in an 85% chance that the U.S. Federal Reserve (Fed) will raise interest rates by 0.25 percentage points in December. Following an October inflation report that came in higher than expected, the combined probability of a tightening move (including a 0.5-point increase) reached around 97.7%.
📌 Specifically, contracts for a 0.25-point hike were trading at 85 cents, while contracts for an increase of at least 0.5 points were priced at 12.7 cents. The probability of rates remaining unchanged was just 2.9%, and each rate-cut scenario was below 1%. Total trading volume in this market was about $22.6 million at the time of checking.
💬 What do you think about this development? Let’s discuss!
#CryptoNews
🔗 Source: Cryptonews
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).