The probability of a rate cut at the January 28 Federal Reserve meeting has dropped dramatically, now sitting at just 2.8%. This sharp decline in market expectations signals a shift in how traders are pricing in monetary policy developments. With such minimal odds reflected in futures markets, the Fed's current hawkish stance appears to be gaining credibility among investors. For crypto traders, these interest rate expectations remain crucial—tighter monetary policy typically pressures alternative assets like digital currencies, making this data point worth monitoring closely.