Polymarket traders heavily favor minimal Fed rate cuts in 2026, with 35.9% implied probability for zero basis points and 27.0% for one 25 bps cut, driven by persistent inflation above the 2% target and robust labor market data that diminished dovish expectations post-December FOMC. The tight race between these outcomes hinges on fiscal stimulus from the incoming Trump administration—tax cuts and tariffs could stoke price pressures, delaying easing—contrasting the Fed's September dot plot median of 80 bps cuts to 2.9% by year-end. Trader consensus prices in data-dependent risks, with upcoming January CPI and March dot plot as pivotal catalysts; higher unemployment might tip toward one cut, while sticky core PCE keeps rates steady.
Experimental AI-generated summary referencing Polymarket data · Updated0 (0 bps) 36.0%
1 (25 bps) 27%
2 (50 bps) 16%
3 (75 bps) 7%
$11,892,349 Vol.
$11,892,349 Vol.
0 (0 bps)
36%
1 (25 bps)
27%
2 (50 bps)
16%
3 (75 bps)
7%
4 (100 bps)
4%
5 (125 bps)
3%
6 (150 bps)
3%
7 (175 bps)
1%
8 (200 bps)
1%
9 (225 bps)
<1%
10 (250 bps)
<1%
11 (275 bps)
<1%
12+ (300+ bps)
2%
0 (0 bps) 36.0%
1 (25 bps) 27%
2 (50 bps) 16%
3 (75 bps) 7%
$11,892,349 Vol.
$11,892,349 Vol.
0 (0 bps)
36%
1 (25 bps)
27%
2 (50 bps)
16%
3 (75 bps)
7%
4 (100 bps)
4%
5 (125 bps)
3%
6 (150 bps)
3%
7 (175 bps)
1%
8 (200 bps)
1%
9 (225 bps)
<1%
10 (250 bps)
<1%
11 (275 bps)
<1%
12+ (300+ bps)
2%
Emergency rate cuts outside of scheduled FOMC meetings will also count toward the total number of cuts in 2026. This market will remain open until December 31, 2026, 11:59 PM ET, to account for any such emergency actions.
For example, if the Fed cuts rates by 50 bps after a meeting, it would be considered 2 cuts (of 25 bps each).
This market will resolve early to "No" if the specified number of cuts becomes impossible — i.e., if more cuts have already occurred than the strike in question.
Note that cuts between 1–24 bps (inclusive) will also be considered 1 rate cut.
The resolution source for this market will be FOMC statements after meetings scheduled in 2026 according to the official calendar: 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 at https://www.federalreserve.gov/monetarypolicy/openmarket.htm.
Market Opened: Sep 29, 2025, 6:08 PM ET
Resolver
0x2F5e3684c...Resolver
0x2F5e3684c...Polymarket traders heavily favor minimal Fed rate cuts in 2026, with 35.9% implied probability for zero basis points and 27.0% for one 25 bps cut, driven by persistent inflation above the 2% target and robust labor market data that diminished dovish expectations post-December FOMC. The tight race between these outcomes hinges on fiscal stimulus from the incoming Trump administration—tax cuts and tariffs could stoke price pressures, delaying easing—contrasting the Fed's September dot plot median of 80 bps cuts to 2.9% by year-end. Trader consensus prices in data-dependent risks, with upcoming January CPI and March dot plot as pivotal catalysts; higher unemployment might tip toward one cut, while sticky core PCE keeps rates steady.
Experimental AI-generated summary referencing Polymarket data · Updated



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