🚨Key prediction market putting strong odds on BlackRock's Rieder as next Fed chair . 🚨
BlackRock's chief bond investment manager Rick Rieder is now the clear favorite to succeed current Federal Reserve Chair Jerome Powell when his term is up, according to prediction market Kalshi.
On Tuesday, a day ahead of the outcome of the latest interest-rate-setting Federal Open Market Committee meeting, those who are willing to put money on the line to bet on the succession race put a 48% probability on Rieder becoming Fed leader.