Lindsay Rosner
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Odds of a Fed hike this year jump on prediction markets
Chances that the Federal Reserve increases interest rates this year shot up from 25.3% to 52% in the last week on prediction markets platform Kalshi. Those odds come after Friday's report from the Bureau of Labor Statistics revealed nonfarm payrolls hit 172,000, comfortably exceeding Dow Jones expectations of 80,000. A Fed hike before July 2027 also jumped from 54% to 65% in the past week on Kalshi.