New account purchases over $190,000 that the Federal Reserve will not raise interest rates by 25 basis points after the July meeting

PPP Prediction Market Tool monitoring shows that in the Polymarket event "Will the Federal Reserve raise interest rates by 25 basis points after the July meeting this year," a new account (0x0c689c8e78588fd3d02e56a6e787e7f9e9b09e76) purchased $196,000 worth of shares betting that the Fed will not raise rates by 25 basis points after the July meeting, with an entry price of 72.5¢.

This event will determine the adjustment of the federal funds target rate ceiling relative to before the meeting, based on the statement released after the Fed's July FOMC meeting.

If the interest rate adjustment does not correspond to the available options, it will be rounded up to the nearest 25 basis points for settlement. For example, a rate cut or hike of 12.5 basis points will be calculated as 25 basis points.

The settlement is based on the FOMC meeting statement and federal funds target rate data officially released by the Federal Reserve. If no relevant statement has been released by the end of the next scheduled meeting, the event will be resolved as "No Change."

The Federal Reserve's July FOMC meeting this year is scheduled for July 28-29.

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