@renfreedomx

Fed officials have turned hawkish in unison, and the market’s turbulence is now driven by a full repricing of the rate path. Over the past week, a series of cautious comments from Fed members has sharply cooled expectations for a December rate cut. According to Polymarket, the probability of a 25 bps cut in December has dropped to 52%, while “no cut, no hike” has climbed to 47%. Total trading volume on this prediction market has now exceeded $88M.

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