I thought the market would panic a bit, but didn’t expect it to fast-forward to a 55 split. On the traditional CME (Chicago Mercantile Exchange), the probability of no rate cut in December just jumped to 44%, compared to 37% yesterday and only 4.5% a month ago. Meanwhile, on the emerging prediction platform Polymarket, the odds of no rate cut also rose to 41%, up from 27% yesterday. So this isn’t just news-driven; it’s real big money betting on no rate cut in December and hedging accordingly.