TechFlame News — Prediction markets show that the probability of the Fed holding rates steady in September is favored. Polymarket's related market has seen trading volume exceed $20.3 million, with a 63% probability priced in for holding rates unchanged; Kalshi shows a corresponding probability of 65%, with trading volume near $4.9 million. CME FedWatch indicates a 55.6% probability that the Fed keeps the federal funds rate target range at 3.50%–3.75% on September 16, and a 44.4% probability of a 25 basis point hike. As of July 31, CME FedWatch had priced in a 67% probability of a hike. Data released by the U.S. Bureau of Labor Statistics on August 7 showed nonfarm payrolls fell by 23,000 in July, with the unemployment rate at 4.1%. The Fed held rates steady at its July 28–29 meeting, with the next meeting scheduled for September 15–16.