Fed rate-hike odds for next month fall to ~34-37% from ~69% after Williams speech

Prediction-market and SOFR-implied odds of a Fed rate hike next month fell to roughly 34-37%, down from about 69% the previous day, after remarks by John Williams. The convergence of prediction markets and SOFR pricing was described as arbitrage being arbed away.

Detected & updated continuously · Source: Nebula