PPP’s prediction-market tracker showed that on Polymarket, the probability of the Federal Reserve keeping rates unchanged in October climbed to 59%, up 28% over the past 24 hours. In the same market, the odds of a 25-basis-point rate hike fell to 42%, down 27% on the day. The update came ahead of a fresh batch of U.S. economic data due later on Wednesday Beijing time. At 20:15 Beijing time, the September ADP employment report is scheduled for release first. That will be followed by the August Personal Consumption Expenditures, or PCE, data, which the Fed watches closely. Market expectations cited in the source put core PCE at 3.3% year over year.
PPP’s prediction-market tracker showed that on Polymarket, the probability of the Federal Reserve keeping rates unchanged in October rose to 59%, up 28% in the past 24 hours.
At the same time, the probability of a 25-basis-point rate hike fell to 42%, down 27% over the same period.
U.S. data releases due later today
At 20:15 Beijing time, the U.S. September ADP employment data is scheduled to be released first. August PCE data, which the Federal Reserve closely watches, will follow. The market expects core PCE to remain at 3.3% year over year.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
