Before CPI release, the probability of "Fed raising rates by 25 basis points in September" on Polymarket rose to 61%, up 8% in 24 hours

According to monitoring by PPP prediction market tool, before the CPI release, the probability of "Fed raising rates by 25 basis points in September" on Polymarket rose to 61%, up 8% in 24 hours; the probability of keeping rates unchanged fell to 40%, down 8% in 24 hours.

The U.S. Department of Labor will release August CPI data at 8:30 PM Beijing time tonight. The market expects headline CPI to rise 0.4% month-over-month and 3.4% year-over-year; core CPI is expected to rise 0.2% month-over-month and 2.4% year-over-year. This data will serve as an important reference for whether the Fed will raise rates next week for the first time in more than three years. The Fed's last rate hike was on July 26, 2023, when it raised rates by 25 basis points, bringing the federal funds rate target range to 5.25%–5.50%.

Join the PPP signal push community to stay one step ahead and seize the opportunity.