Prediction market participants are increasingly betting that the Federal Reserve's policy-setting board will reach a unanimous decision at its meeting later this week, a notable shift from the divided outcome seen in April.
The changing odds on Kalxi highlight how traders are reassessing the internal dynamics of the central bank as it prepares for its first rate decision under new Chair Kevin Warsh.
The repricing reflects a broader market expectation that the Fed's internal disagreements are cooling.
While April's meeting featured a split vote that drew attention to dissenting voices within the committee, current sentiment suggests those fractures are healing.
This shift in perception is influencing how investors view the near-term path of interest rates and the stability of the Fed's forward guidance.
The upcoming meeting marks a pivotal moment for Warsh, who is set to deliver his first policy decision as chair.