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Fed rate cut? — Polymarket Odds

Updated September 23, 2026 · Category: Economy & Fed · Market end date: January 29, 2028

As of September 23, 2026 at 15:49 UTC, the leading outcome is By July 2027 Meeting at 48.5%, followed by By June 2027 Meeting at 43.5%, By January 2027 Meeting at 10%. The market has $3.69M in total volume and $2.2K in the last 24 hours.

Current odds

OutcomeProbability24h changeVolume
By July 2027 Meeting48.5%
-1.0 pts$102
By June 2027 Meeting43.5%
$27
By January 2027 Meeting10%
+0.5 pts$34
By December 2026 Meeting2.5%
-0.8 pts$374.5K
By October 2026 Meeting0.8%
-0.1 pts$174.7K
By June Meeting (settled)0.0%
-0.7 pts$785.0K
By September 2026 Meeting (settled)0.0%
-0.4 pts$645.1K
By January Meeting (settled)0.0%
-0.8 pts$588.1K
By July Meeting (settled)0.0%
-0.2 pts$579.1K
By April Meeting (settled)0.0%
-0.4 pts$543.0K
By March Meeting (settled)0.0%
+0.4 pts

Total volume $3.69M · 24h volume $2.2K · Liquidity $183.2K. Prices are Polymarket YES-share prices read as probabilities; they are not executable quotes.

30-day price history

0%25%50%75%100%Sep 17Sep 23

By July 2027 Meeting By June 2027 Meeting By January 2027 Meeting · 30-day price history (12-hour points)

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How this market resolves

This market will resolve to “Yes” if the upper bound of the target federal funds rate is decreased at any point between December 16, 2025 and the completion of the Federal Open Market Committee (FOMC) meeting for January 2026, currently scheduled for January 27-28. Otherwise, this market will resolve to “No”.

If no January meeting takes place by February 7, 2026, 11:59 PM ET, and no qualifying rate cut has been announced, this market will resolve to "No".

Emergency rate cuts will qualify.

The primary resolution source for this market will be the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm), however a consensus of credible reporting may also be used.

Summary of the market's published rules. The rules on Polymarket control settlement; check them there before relying on any outcome: open this market on Polymarket.

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Frequently asked questions

What are the current Polymarket odds for Fed rate cut?

As of September 23, 2026 at 15:49 UTC, the leading outcome is By July 2027 Meeting at 48.5%, followed by By June 2027 Meeting at 43.5%, By January 2027 Meeting at 10%. The market has $3.69M in total volume and $2.2K in the last 24 hours.

When does the Fed rate cut market end?

The event's listed end date is January 29, 2028. Each outcome settles under the market's written rules, summarised on this page, which can differ from the end-date field.

How are these odds calculated?

They are the displayed prices of each outcome's YES share on Polymarket. A price of 60¢ implies roughly a 60% chance. This page refreshes the numbers twice a day, so they are not live quotes.

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