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Markets Bet on Hassett as Fed Chair, Inflation Outlook Softens
Markets Bet on Hassett as Fed Chair, Inflation Outlook Softens
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BTCCSquare news:
Prediction markets signal growing confidence in Kevin Hassett becoming the next Federal Reserve chair, with Polymarket odds surging from 30% to 73% in a week. Treasury yields jumped 14 basis points as traders priced in his dovish reputation, despite concerns that rapid rate cuts could reignite inflation.
Trump's cryptic WHITE House remarks about a 'respected person' for the Fed role fueled speculation. The reaction mirrors Kalshi's inflation contract trends, where gamblers now expect milder price pressures under a Hassett-led Fed.
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