Polymarket traders assign a 31% implied probability to exactly one 25 basis point Fed rate cut in 2026, edging out two cuts at 23.5% and zero cuts at 23.4%, capturing a tight contest driven by resilient U.S. economic data offsetting the December FOMC dot plot's projection of roughly three cuts to reach 3.1% fed funds by year-end. Persistent core PCE inflation near 2.7% and unemployment at 4.2% signal limited room for aggressive easing, amplified by policy risks from potential Trump tariffs and fiscal stimulus that could reaccelerate prices. Differentiating catalysts include January's employment report and Q1 GDP, where softening labor markets might lift multi-cut odds, while sticky inflation bolsters the zero-cut camp.
Experimental AI-generated summary referencing Polymarket data · Updated1 (25 bps) 31%
2 (50 bps) 24%
0 (0 bps) 23.4%
3 (75 bps) 11%
$10,480,874 Vol.
$10,480,874 Vol.
0 (0 bps)
23%
1 (25 bps)
31%
2 (50 bps)
24%
3 (75 bps)
11%
4 (100 bps)
4%
5 (125 bps)
3%
6 (150 bps)
1%
7 (175 bps)
1%
8 (200 bps)
1%
9 (225 bps)
<1%
10 (250 bps)
<1%
11 (275 bps)
<1%
12+ (300+ bps)
2%
1 (25 bps) 31%
2 (50 bps) 24%
0 (0 bps) 23.4%
3 (75 bps) 11%
$10,480,874 Vol.
$10,480,874 Vol.
0 (0 bps)
23%
1 (25 bps)
31%
2 (50 bps)
24%
3 (75 bps)
11%
4 (100 bps)
4%
5 (125 bps)
3%
6 (150 bps)
1%
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 assign a 31% implied probability to exactly one 25 basis point Fed rate cut in 2026, edging out two cuts at 23.5% and zero cuts at 23.4%, capturing a tight contest driven by resilient U.S. economic data offsetting the December FOMC dot plot's projection of roughly three cuts to reach 3.1% fed funds by year-end. Persistent core PCE inflation near 2.7% and unemployment at 4.2% signal limited room for aggressive easing, amplified by policy risks from potential Trump tariffs and fiscal stimulus that could reaccelerate prices. Differentiating catalysts include January's employment report and Q1 GDP, where softening labor markets might lift multi-cut odds, while sticky inflation bolsters the zero-cut camp.
Experimental AI-generated summary referencing Polymarket data · Updated



Beware of external links.
Beware of external links.
Frequently Asked Questions