As of Tuesday afternoon, traders on the prediction market platform Kalshi put the chance of the Fed holding firm at 97%.

U.S. stock indexes are drifting as Wall Street waits to hear from the Federal Reserve about what it will do with interest rates. The S&P 500 was up 0.1% early Wednesday, coming off its first loss after setting all-time highs for six successive days.

U.S. Treasury yields held steady on Wednesday as investors keenly awaited the Federal Reserve’s interest rate decision as well as a batch of economic data.