CoinMeta data: The Federal Reserve no longer expects to raise interest rates at this month's FOMC meeting. According to predictions tracked by Polymarket, Federal Reserve Vice Chairman Philip Jefferson stated that although he supported the rate hike last month, there is no urgency to raise rates again at this time. The Federal Reserve last raised the benchmark federal funds rate by 25 basis points, with the target range now at 3.75%-4.00%. Recently, mortgage loan rates have continued to rise, reaching their highest level since 2023, with the average 30-year fixed-rate mortgage rate at 7.6%.