Fed Hike Odds Collapse to 16% on Prediction Markets After Soft Jobs Report
The odds of another Federal Reserve interest-rate hike in October plunged to 16% Friday after U.S. job growth came in far below expectations. Traders on Polymarket had put the probability of a 25-basis-point increase at about 69% on Monday, before softer inflation data, cautious Fed commentary and Friday’s weak jobs re