Traders cut bets on Fed's October rate hike

Federal Reserve's Williams suggests that periods of strong productivity may raise natural interest rates.

Prediction market platform Kalshi is in deep negotiations to raise $1 billion in new funding.

The market's expectation for the probability of the Federal Reserve raising interest rates in October has been lowered from 70% to 50%.

Federal Reserve official Williams stated that he is not in a hurry to take action, and the market currently expects the Fed to only raise interest rates once again by the end of this year.

The price of Binance - PUMP/USDT has reached a new high in nearly half a year, now reported at $0.005922, up 12.70% in 24 hours, with a turnover of $73.23 million. After reaching a new high in price, there is a high probability of a price correction. (AiCoin Research Institute)