How to get branch names to appear in the VS Code integrated terminal?

I recently installed a new instance of VS Code on my Mac and the integrated terminal no longer shows the current branch.

In the old world, it would show which branch I was on right now with git and update as I changed branches.

Now, it shows my location in the file directory and git works as normal but it doesn’t show the branch.

I have no extensions except for GitHistory. This is an excerpt from my settings file:

{
    "workbench.statusBar.visible": false,
    "explorer.decorations.colors": false,
    "window.zoomLevel": 0,
    "workbench.startupEditor": "newUntitledFile",
    "workbench.editor.closeOnFileDelete": true,
    "workbench.editor.limit.enabled": true,
    "workbench.editor.openPositioning": "first",
    "python.linting.pylintEnabled": true,
    "python.linting.enabled": true,
    "terminal.integrated.scrollback": 50000,
    "terminal.integrated.shell.osx": ""
}

parse_git_branch() {
    git branch 2> /dev/null | sed -n -e 's/^* (.*)/[1]/p'
}
COLOR_DEF=$'e[0m'
COLOR_USR=$'e[38;5;243m'
COLOR_DIR=$'e[38;5;197m'
COLOR_GIT=$'e[38;5;39m'
NEWLINE=$'n'
setopt PROMPT_SUBST
export PROMPT='${COLOR_DIR}%d ${COLOR_GIT}$(parse_git_branch)${COLOR_DEF}%% '