Polymarket data shows the market is no longer pricing in a rate hike from the U.S. Federal Reserve at the Federal Open Market Committee, or FOMC, meeting later this month. The shift comes after Federal Reserve Vice Chair Philip Jefferson said there is no need to rush into another increase for now. In prepared remarks for the University of Virginia’s Darden School of Business, Jefferson said any future policy move should be based on a careful assessment of data trends, the evolving outlook, and the balance of risks. The report also noted that the Fed’s last rate increase came on Sept. 16, when it raised the benchmark federal funds rate by 25 basis points to a target range of 3.75%-4.00%. The update reflects current expectations shown on Polymarket and does not indicate an official policy decision by the central bank.
Data from prediction market platform Polymarket shows traders no longer expect the U.S. Federal Reserve to raise rates at the Federal Open Market Committee, or FOMC, meeting later this month.
Earlier, Federal Reserve Vice Chair Philip Jefferson said there is no need to rush into another rate hike for now. In prepared remarks for the University of Virginia’s Darden School of Business, Jefferson said any future policy adjustment should be based on a careful assessment of data trends, the evolving outlook, and the balance of risks.
The Fed last raised rates on Sept. 16, lifting the benchmark federal funds rate by 25 basis points to a target range of 3.75%-4.00%.
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