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Prediction markets lift October Fed hike odds to 55 percent after hot CPI as futures hold near 22 percent
- Prediction markets lift October Fed hike odds to 55 percent after hot CPI as futures hold near 22 percent — After September CPI came in at 3.7 percent, one prediction-market venue repriced the chance of a 25-basis-point October hike to 55 percent from 21 percent, while fed funds futures still implied about 22 percent. Bitcoin traded near 81,776 dollars as the 10-year Treasury yield climbed toward 5.3 percent. (TradingNews)
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