Equity Perps Go Live; Fed Hike Risk
The CFTC cleared perpetuals on individual equities and Kalshi launched single-stock perps. Separately, one source says markets price about 73% odds of a Dec 9 Fed hike.
What we know
Kalshi launches single-stock perps after the CFTC announcement, and hansolar says perps are the future. An account on X says a September hike and hawkish October commentary put about 73% odds on a December hike.
How the story developed
The CFTC cleared perpetuals on individual equities and Kalshi launched single-stock perps. Separately, one source says markets price about 73% odds of a Dec 9 Fed hike.
Hedge funds are going underweight AI for the first time since 2023 amid record de-grossing, while Kalshi puts the odds of a December Fed hike at 71%.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.