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icon for Fed decisions (Sep–Dec)

Fed decisions (Sep–Dec)

icon for Fed decisions (Sep–Dec)

Fed decisions (Sep–Dec)

Pause–Pause–Pause 27%

Hike–Pause–Pause 18%

Pause–Pause–Hike 15%

Pause–Hike–Hike 11%

Polymarket

$11,653 Vol.

Pause–Pause–Pause 27%

Hike–Pause–Pause 18%

Pause–Pause–Hike 15%

Pause–Hike–Hike 11%

Polymarket

$11,653 Vol.

Hike–Pause–Hike

$314 Vol.

10%

Hike–Pause–Pause

$479 Vol.

18%

Hike–Hike–Hike

$216 Vol.

5%

Hike–Hike–Pause

$429 Vol.

9%

Pause–Pause–Hike

$253 Vol.

15%

Pause–Pause–Pause

$9,140 Vol.

27%

Pause–Hike–Hike

$237 Vol.

11%

Pause–Hike–Pause

$336 Vol.

9%

Other

$249 Vol.

9%

The FED interest rates are defined in this market by the upper bound of the target federal funds rate. The decisions on the target federal funds rate are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve according to the decisions made by the next three Federal Open Market Committee (FOMC) meetings: September 15-16; October 27-28; and December 8-9. A qualifying cut occurs when the new upper bound of the target federal funds rate is lower compared to the level it was prior to the respective meeting. A qualifying hike occurs when the new upper bound of the target federal funds rate is higher compared to the level it was prior to the respective meeting. A qualifying pause occurs when the new upper bound of the target federal funds rate is equal to the level it was prior to the respective meeting. If the Fed publishes a different combination than any listed, this market will resolve to "Other". Any rate cut will be encompassed by "Other". Emergency rate changes outside the regularly scheduled meetings will not be considered. The resolution source for this market is the FOMC’s statement after its meetings: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm The level and change of the target federal funds rate is also published at the official website of the Federal Reserve: https://www.federalreserve.gov/monetarypolicy/openmarket.htmRecent U.S. economic data and shifts in Federal Reserve communications under Chair Kevin Warsh have driven mixed trader sentiment on the September, October, and December 2026 FOMC decisions. Solid August payrolls and an unemployment rate holding at 4.1% alongside elevated inflation—July CPI at 3.4% year-over-year and PCE measures above 3%—have raised the odds of at least one 25-basis-point hike from the current 3.50%-3.75% target range. Market-implied probabilities remain closely contested across pause and hike sequences, reflecting uncertainty over whether persistent supply-side pressures will prompt tightening before year-end or allow a hold. The September 15-16 meeting, which includes updated economic projections and a dot plot, stands as the key near-term catalyst that could clarify the policy path.

The FED interest rates are defined in this market by the upper bound of the target federal funds rate. The decisions on the target federal funds rate are made by the Federal Open Market Committee (FOMC) meetings.

This market will resolve according to the decisions made by the next three Federal Open Market Committee (FOMC) meetings: September 15-16; October 27-28; and December 8-9.

A qualifying cut occurs when the new upper bound of the target federal funds rate is lower compared to the level it was prior to the respective meeting.

A qualifying hike occurs when the new upper bound of the target federal funds rate is higher compared to the level it was prior to the respective meeting.

A qualifying pause occurs when the new upper bound of the target federal funds rate is equal to the level it was prior to the respective meeting.

If the Fed publishes a different combination than any listed, this market will resolve to "Other". Any rate cut will be encompassed by "Other".

Emergency rate changes outside the regularly scheduled meetings will not be considered.

The resolution source for this market is the FOMC’s statement after its meetings:
https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm

The level and change of the target federal funds rate is also published at the official website of the Federal Reserve:
https://www.federalreserve.gov/monetarypolicy/openmarket.htm
The FED interest rates are defined in this market by the upper bound of the target federal funds rate. The decisions on the target federal funds rate are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve according to the decisions made by the next three Federal Open Market Committee (FOMC) meetings: September 15-16; October 27-28; and December 8-9. A qualifying cut occurs when the new upper bound of the target federal funds rate is lower compared to the level it was prior to the respective meeting. A qualifying hike occurs when the new upper bound of the target federal funds rate is higher compared to the level it was prior to the respective meeting. A qualifying pause occurs when the new upper bound of the target federal funds rate is equal to the level it was prior to the respective meeting. If the Fed publishes a different combination than any listed, this market will resolve to "Other". Any rate cut will be encompassed by "Other". Emergency rate changes outside the regularly scheduled meetings will not be considered. The resolution source for this market is the FOMC’s statement after its meetings: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm The level and change of the target federal funds rate is also published at the official website of the Federal Reserve: https://www.federalreserve.gov/monetarypolicy/openmarket.htm
Volume
$11,653
End Date
Dec 9, 2026
Market Opened
Sep 2, 2026, 4:24 PM ET
The FED interest rates are defined in this market by the upper bound of the target federal funds rate. The decisions on the target federal funds rate are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve according to the decisions made by the next three Federal Open Market Committee (FOMC) meetings: September 15-16; October 27-28; and December 8-9. A qualifying cut occurs when the new upper bound of the target federal funds rate is lower compared to the level it was prior to the respective meeting. A qualifying hike occurs when the new upper bound of the target federal funds rate is higher compared to the level it was prior to the respective meeting. A qualifying pause occurs when the new upper bound of the target federal funds rate is equal to the level it was prior to the respective meeting. If the Fed publishes a different combination than any listed, this market will resolve to "Other". Any rate cut will be encompassed by "Other". Emergency rate changes outside the regularly scheduled meetings will not be considered. The resolution source for this market is the FOMC’s statement after its meetings: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm The level and change of the target federal funds rate is also published at the official website of the Federal Reserve: https://www.federalreserve.gov/monetarypolicy/openmarket.htmRecent U.S. economic data and shifts in Federal Reserve communications under Chair Kevin Warsh have driven mixed trader sentiment on the September, October, and December 2026 FOMC decisions. Solid August payrolls and an unemployment rate holding at 4.1% alongside elevated inflation—July CPI at 3.4% year-over-year and PCE measures above 3%—have raised the odds of at least one 25-basis-point hike from the current 3.50%-3.75% target range. Market-implied probabilities remain closely contested across pause and hike sequences, reflecting uncertainty over whether persistent supply-side pressures will prompt tightening before year-end or allow a hold. The September 15-16 meeting, which includes updated economic projections and a dot plot, stands as the key near-term catalyst that could clarify the policy path.

The FED interest rates are defined in this market by the upper bound of the target federal funds rate. The decisions on the target federal funds rate are made by the Federal Open Market Committee (FOMC) meetings.

This market will resolve according to the decisions made by the next three Federal Open Market Committee (FOMC) meetings: September 15-16; October 27-28; and December 8-9.

A qualifying cut occurs when the new upper bound of the target federal funds rate is lower compared to the level it was prior to the respective meeting.

A qualifying hike occurs when the new upper bound of the target federal funds rate is higher compared to the level it was prior to the respective meeting.

A qualifying pause occurs when the new upper bound of the target federal funds rate is equal to the level it was prior to the respective meeting.

If the Fed publishes a different combination than any listed, this market will resolve to "Other". Any rate cut will be encompassed by "Other".

Emergency rate changes outside the regularly scheduled meetings will not be considered.

The resolution source for this market is the FOMC’s statement after its meetings:
https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm

The level and change of the target federal funds rate is also published at the official website of the Federal Reserve:
https://www.federalreserve.gov/monetarypolicy/openmarket.htm
The FED interest rates are defined in this market by the upper bound of the target federal funds rate. The decisions on the target federal funds rate are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve according to the decisions made by the next three Federal Open Market Committee (FOMC) meetings: September 15-16; October 27-28; and December 8-9. A qualifying cut occurs when the new upper bound of the target federal funds rate is lower compared to the level it was prior to the respective meeting. A qualifying hike occurs when the new upper bound of the target federal funds rate is higher compared to the level it was prior to the respective meeting. A qualifying pause occurs when the new upper bound of the target federal funds rate is equal to the level it was prior to the respective meeting. If the Fed publishes a different combination than any listed, this market will resolve to "Other". Any rate cut will be encompassed by "Other". Emergency rate changes outside the regularly scheduled meetings will not be considered. The resolution source for this market is the FOMC’s statement after its meetings: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm The level and change of the target federal funds rate is also published at the official website of the Federal Reserve: https://www.federalreserve.gov/monetarypolicy/openmarket.htm
Volume
$11,653
End Date
Dec 9, 2026
Market Opened
Sep 2, 2026, 4:24 PM ET

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Frequently Asked Questions

"Fed decisions (Sep–Dec)" is a prediction market on Polymarket with 9 possible outcomes where traders buy and sell shares based on what they believe will happen. The current leading outcome is "Pause–Pause–Pause" at 27%, followed by "Hike–Pause–Pause" at 18%. Prices reflect real-time crowd-sourced probabilities. For example, a share priced at 27¢ implies that the market collectively assigns a 27% chance to that outcome. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

As of today, "Fed decisions (Sep–Dec)" has generated $11.7K in total trading volume since the market launched on Sep 2, 2026. This level of trading activity reflects strong engagement from the Polymarket community and helps ensure that the current odds are informed by a deep pool of market participants. You can track live price movements and trade on any outcome directly on this page.

To trade on "Fed decisions (Sep–Dec)," browse the 9 available outcomes listed on this page. Each outcome displays a current price representing the market's implied probability. To take a position, select the outcome you believe is most likely, choose "Yes" to trade in favor of it or "No" to trade against it, enter your amount, and click "Trade." If your chosen outcome is correct when the market resolves, your "Yes" shares pay out $1 each. If it's incorrect, they pay out $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

The current frontrunner for "Fed decisions (Sep–Dec)" is "Pause–Pause–Pause" at 27%, meaning the market assigns a 27% chance to that outcome. The next closest outcome is "Hike–Pause–Pause" at 18%. These odds update in real-time as traders buy and sell shares, so they reflect the latest collective view of what's most likely to happen. Check back frequently or bookmark this page to follow how the odds shift as new information emerges.

The resolution rules for "Fed decisions (Sep–Dec)" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.