On prediction market platform Kalshi, chances for a Federal Reserve rate hike in October stood at just 18%, down from almost 70% a week ago. The repricing follows a weak September jobs report showing the U.S. economy added fewer jobs than expected.

Shows Kalshi functioning as a real-time sentiment gauge for Fed policy, with traders repricing aggressively on fresh economic data. Validates event contracts as a faster-moving alternative to fed funds futures for institutional macro views.