On Polymarket, the probability of the Federal Reserve raising interest rates by 25 basis points in September has risen to 52%, with a weekly increase of 20%

The probability of the Federal Reserve raising interest rates by 25 basis points in September has risen to 52% on Polymarket, with a weekly increase of 20%. The market is focused on the US non farm payroll report for August, which will be released on September 4th (UTC+8). Federal Reserve Chairman Kevin Walsh stated at the Jackson Hole Global Central Bank Annual Meeting that if the Fed cannot be confident that underlying inflation is "clearly and rapidly" falling towards the 2% target, then interest rate hikes are still under consideration.