Polymarket's odds of a "25 basis point Fed rate hike in October" rose to 54%, up 7% in 24 hours

Monitoring by PPP prediction market tool shows that Polymarket's odds of a "25 basis point Fed rate hike in October" rose to 54%, up 7% in 24 hours; the odds of rates remaining unchanged fell to 46%, down 8% in 24 hours.

A senior government official previously said that if the Fed decides to raise rates again in October (on the eve of the midterm elections), Warsh could find himself under stricter scrutiny from Trump and his advisers. Trump's portrayal of a hostile Fed committee could leave investors wondering whether Warsh is leading the Fed or being swept along by it.

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