Polymarket: Probability of Fed Holding Rates Steady in October Rises to 59%

According to Polymarket data, the probability of the Federal Reserve maintaining current interest rates in October has increased to 59%, marking a 28% rise over the past 24 hours. Conversely, the likelihood of a 25 basis point rate hike has fallen to 42%, down 27% in the same period. Markets are currently awaiting the release of the U.S. September ADP employment data and the August PCE report, with core PCE expected to remain at 3.3% year-over-year.