The market on Polymarket predicts a 94% chance that the Federal Reserve will keep interest rates unchanged in March

Odaily Planet Daily reports that the prediction market platform Polymarket shows that as of March 18, the probability of the Federal Reserve maintaining interest rates at the March meeting is 94%, a significant increase from previous levels; the probability of a 25 basis point rate cut is about 5%, the probability of a cut of more than 50 basis points is less than 1%, and the probability of a rate hike of more than 25 basis points is also about 1%. The total trading volume for this contract is approximately $144 million. Market pricing reflects that traders generally expect policy to remain stable in the short term.