Polymarket reports that the probability of the Federal Reserve keeping interest rates unchanged in January has risen to 99%.

According to Polymarket, as reported by Odaily, traders in the market predicting the Fed's January interest rate decision have risen to approximately 99% that the Fed will maintain the current rate. In contrast, the probabilities of a 25 basis point cut, a 50 basis point cut, and a rate hike of more than 25 basis points are all below 1%, with related contracts having accumulated to over $560 million in trading volume. Previously, Nick Timiraos, a well-known Fed mouthpiece, stated that Fed officials are expected to keep rates unchanged this week for the first time since three consecutive rate cuts last September, and the path to resuming rate cuts remains unclear.