Polymarket Predicts 99% Probability of Fed Maintaining Interest Rates Unchanged in January

Odaily News: Information from the Polymarket website shows that the prediction market for the January Federal Reserve interest rate decision indicates traders now estimate a roughly 99% probability that the Fed will keep rates unchanged. In contrast, the probabilities for a 25 basis point rate cut, a 50 basis point rate cut, and a rate hike of 25 basis points or more are all below 1%. The cumulative trading volume for related contracts has exceeded $560 million.

Previously, "Fed Whisperer" Nick Timiraos (https://www.odaily.news/zh-CN/newsflash/466084) reported that Fed officials are expected to keep interest rates unchanged this week for the first time since the three consecutive rate cuts began last September, and the path to resuming rate cuts remains unclear.