Polymarket prices 56% chance of another 25-basis-point Fed hike in October

Polymarket is pricing in a 56% chance that the Federal Reserve will raise its benchmark interest rate by another 25 basis points at the October Federal Open Market Committee meeting. One basis point equals 0.01 percentage point. The pricing reflects expectations for further tightening after the Fed raised rates by 25 basis points at its September FOMC meeting. Polymarket prices are based on real-time bets by market participants and are not an official forecast of the Fed’s decision. Cointelegraph reported the probability on Sept. 18.