October Fed Rate Hike Odds Surge to 43% as U.S. CPI Inflation Hits 3.7%

TLDR: Polymarket’s October rate hike odds rose about 25 percentage points to 43%, while unchanged rates held 57%. U.S. CPI inflation climbed to 3.7% in September, exceeding the 3.6% forecast and August’s 3.4% reading. Core CPI gained 0.3% monthly and 2.6% annually, both exceeding forecasts of 0.2% and 2.5%, respectively. September PPI arrives October 15; [...]

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