Trader consensus on Polymarket assigns a 76.5% implied probability to a 25 basis point increase in the federal funds rate at the December FOMC meeting, with no change at just 21.5%. This pricing reflects recent economic releases showing persistent inflation above the 2% target alongside a resilient labor market, which have shifted expectations toward a more hawkish policy stance. Market-implied odds now diverge from earlier projections for cuts, incorporating stronger growth signals and Treasury yield movements. November CPI data and upcoming employment reports remain key catalysts that could refine these probabilities before the policy decision.
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