25 bps Fed rate hike in September now expected on Polymarket

  • Polymarket now expects a 25 bps Fed rate hike in September.
  • August inflation is projected at 0.4%, up from 0.1% in July.
  • Higher gas and grocery prices are projected to drive August inflation.

A 25-basis-point Fed rate hike in September is now expected on Polymarket. This week's CPI (consumer inflation gauge) release could determine whether that expectation holds, with August inflation projected at 0.4%, up from 0.1% in July. Rising gas and grocery prices are cited as the main drivers of the projected increase.

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