Polymarket Forecasts No Interest Rate Hike at Upcoming FOMC Meeting

According to Polymarket, the Federal Reserve is no longer expected to raise interest rates at the upcoming FOMC meeting. This shift follows comments from Vice Chair Philip Jefferson, who indicated no urgency for further rate adjustments, emphasizing that future policy will depend on data trends and risk assessments. Despite rising mortgage rates, which have reached their highest levels since late 2023, the Fed remains cautious following its 25 basis point hike in September.