The federal funds rate currently stands at a target range of 3.75-4.00 percent following the October 28, 2026 FOMC decision to hold steady amid elevated inflation and resilient economic growth. Strong GDP revisions, robust capital investment, and stable labor conditions have reinforced trader expectations for limited easing, with markets assigning high probability to rates remaining above 3.5 percent before 2027. The September 2026 hike and two dissents favoring further tightening at the latest meeting underscore hawkish sentiment, while upcoming December projections and CPI releases will shape the near-term path. Aggregated Polymarket positioning reflects this higher-for-longer consensus backed by real capital at risk.