Market icon
Economy·Economic Policy

Fed decision in April?

Market icon
Economy·Economic Policy

Fed decision in April?

Apr 29

Jun 17

Jul 29

Apr 29

Jun 17

Jul 29

No change 98.4%

25 bps decrease <1%

25+ bps increase <1%

50+ bps decrease <1%

Polymarket

$49,742,620 Vol.

No change 98.4%

25 bps decrease <1%

25+ bps increase <1%

50+ bps decrease <1%

Polymarket

$49,742,620 Vol.

50+ bps decrease

$17,238,764 Vol.

<1%

25 bps decrease

$10,421,706 Vol.

1%

No change

$10,919,627 Vol.

98%

25+ bps increase

$11,166,030 Vol.

1%

The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal fund range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's April 2026 meeting. If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps) The resolution source for this market is the FOMC’s statement after its meeting scheduled for April 28-29, 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. This market may resolve as soon as the FOMC’s statement for their April meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.Polymarket traders price a 98.4% implied probability of no change in the federal funds target range at the April 28-29, 2026 FOMC meeting, reflecting strong consensus after the Fed's March decision to hold rates steady at 3.50%-3.75% amid resilient economic data. The March nonfarm payrolls report surprised with 178,000 jobs added—far exceeding forecasts of around 60,000—while private-sector hiring rebounded sharply, signaling labor market strength that tempers rate-cut expectations. Geopolitical tensions, including Iran-related oil shocks, have elevated inflation risks, prompting Fed Chair Powell to deem hikes unlikely but not ruled out. This skin-in-the-game positioning aligns with CME FedWatch odds near 95-99% for status quo. Upcoming April 10 CPI data could challenge this if it reveals cooling pressures, though a hawkish surprise remains a low-probability tail risk.

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

This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's April 2026 meeting.

If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps)

The resolution source for this market is the FOMC’s statement after its meeting scheduled for April 28-29, 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.

This market may resolve as soon as the FOMC’s statement for their April meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.
Volume
$49,742,620
End Date
Apr 29, 2026
Market Opened
Nov 12, 2025, 7:26 PM ET

Resolver

0x2F5e3684c...
The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal fund range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's April 2026 meeting. If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps) The resolution source for this market is the FOMC’s statement after its meeting scheduled for April 28-29, 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. This market may resolve as soon as the FOMC’s statement for their April meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.
The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal fund range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's April 2026 meeting. If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps) The resolution source for this market is the FOMC’s statement after its meeting scheduled for April 28-29, 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. This market may resolve as soon as the FOMC’s statement for their April meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.Polymarket traders price a 98.4% implied probability of no change in the federal funds target range at the April 28-29, 2026 FOMC meeting, reflecting strong consensus after the Fed's March decision to hold rates steady at 3.50%-3.75% amid resilient economic data. The March nonfarm payrolls report surprised with 178,000 jobs added—far exceeding forecasts of around 60,000—while private-sector hiring rebounded sharply, signaling labor market strength that tempers rate-cut expectations. Geopolitical tensions, including Iran-related oil shocks, have elevated inflation risks, prompting Fed Chair Powell to deem hikes unlikely but not ruled out. This skin-in-the-game positioning aligns with CME FedWatch odds near 95-99% for status quo. Upcoming April 10 CPI data could challenge this if it reveals cooling pressures, though a hawkish surprise remains a low-probability tail risk.

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

This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's April 2026 meeting.

If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps)

The resolution source for this market is the FOMC’s statement after its meeting scheduled for April 28-29, 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.

This market may resolve as soon as the FOMC’s statement for their April meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.
Volume
$49,742,620
End Date
Apr 29, 2026
Market Opened
Nov 12, 2025, 7:26 PM ET

Resolver

0x2F5e3684c...
The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal fund range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's April 2026 meeting. If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps) The resolution source for this market is the FOMC’s statement after its meeting scheduled for April 28-29, 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. This market may resolve as soon as the FOMC’s statement for their April meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.

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Frequently Asked Questions

"Fed decision in April?" is a prediction market on Polymarket with 4 possible outcomes where traders buy and sell shares based on what they believe will happen. The current leading outcome is "No change" at 98%, followed by "25 bps decrease" at 1%. Prices reflect real-time crowd-sourced probabilities. For example, a share priced at 98¢ implies that the market collectively assigns a 98% 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 decision in April?" has generated $49.7 million in total trading volume since the market launched on Nov 13, 2025. 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 decision in April?," browse the 4 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 decision in April?" is "No change" at 98%, meaning the market assigns a 98% chance to that outcome. The next closest outcome is "25 bps decrease" at 1%. 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 decision in April?" 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.