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icon for Fed decisions (Sep–Dec)
Economy·Fed

Fed decisions (Sep–Dec)

icon for Fed decisions (Sep–Dec)
Economy·Fed

Fed decisions (Sep–Dec)

Sep 16

Oct 28

Dec 9

Sep 16

Oct 28

Dec 9

Hike–Pause–Hike 23%

Hike–Pause–Pause 17%

Pause–Pause–Hike 15%

Hike–Hike–Pause 14%

Polymarket
NEW

Hike–Pause–Hike 23%

Hike–Pause–Pause 17%

Pause–Pause–Hike 15%

Hike–Hike–Pause 14%

Polymarket
NEW

Hike–Pause–Hike

$138 Vol.

23%

Hike–Pause–Pause

$137 Vol.

17%

Hike–Hike–Hike

$50 Vol.

7%

Hike–Hike–Pause

$68 Vol.

14%

Pause–Pause–Hike

$106 Vol.

15%

Pause–Pause–Pause

$45 Vol.

13%

Pause–Hike–Hike

$35 Vol.

8%

Pause–Hike–Pause

$52 Vol.

9%

Other

$35 Vol.

7%

The FED interest rates are defined in this market by the upper bound of the target federal funds rate. The decisions on the target federal funds rate are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve according to the decisions made by the next three Federal Open Market Committee (FOMC) meetings: September 15-16; October 27-28; and December 8-9. A qualifying cut occurs when the new upper bound of the target federal funds rate is lower compared to the level it was prior to the respective meeting. A qualifying hike occurs when the new upper bound of the target federal funds rate is higher compared to the level it was prior to the respective meeting. A qualifying pause occurs when the new upper bound of the target federal funds rate is equal to the level it was prior to the respective meeting. If the Fed publishes a different combination than any listed, this market will resolve to "Other". Any rate cut will be encompassed by "Other". Emergency rate changes outside the regularly scheduled meetings will not be considered. The resolution source for this market is the FOMC’s statement after its meetings: 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: https://www.federalreserve.gov/monetarypolicy/openmarket.htm**Market-implied odds for the Federal Reserve’s September–December 2026 rate path remain fragmented, with the leading sequence (hike–pause–hike) at just 23% amid a cluster of outcomes between 6.5% and 23%.** Recent data and policy signals explain the dispersion. July CPI rose 0.1% month-over-month and 3.4% year-over-year, while core measures stayed elevated; the labor market showed unemployment near 4.1% and mixed payroll gains. Under new Chair Kevin Warsh, the June dot plot lifted the median end-2026 funds rate projection to 3.8%, and forward guidance was removed, shifting focus to incoming data. Money-market pricing now embeds roughly a 63% chance of a September hike and about 25 basis points of tightening by year-end, yet many private forecasters still anticipate holds. The next CPI release on September 11 and the September 15–16 FOMC meeting will likely sharpen or further disperse these probabilities as traders reassess the balance between sticky inflation and growth momentum.

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

This market will resolve according to the decisions made by the next three Federal Open Market Committee (FOMC) meetings: September 15-16; October 27-28; and December 8-9.

A qualifying cut occurs when the new upper bound of the target federal funds rate is lower compared to the level it was prior to the respective meeting.

A qualifying hike occurs when the new upper bound of the target federal funds rate is higher compared to the level it was prior to the respective meeting.

A qualifying pause occurs when the new upper bound of the target federal funds rate is equal to the level it was prior to the respective meeting.

If the Fed publishes a different combination than any listed, this market will resolve to "Other". Any rate cut will be encompassed by "Other".

Emergency rate changes outside the regularly scheduled meetings will not be considered.

The resolution source for this market is the FOMC’s statement after its meetings:
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:
https://www.federalreserve.gov/monetarypolicy/openmarket.htm
Volume
$666
End Date
Dec 9, 2026
Market Opened
Sep 2, 2026, 4:24 PM ET

Resolver

0x69c47De9D...
The FED interest rates are defined in this market by the upper bound of the target federal funds rate. The decisions on the target federal funds rate are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve according to the decisions made by the next three Federal Open Market Committee (FOMC) meetings: September 15-16; October 27-28; and December 8-9. A qualifying cut occurs when the new upper bound of the target federal funds rate is lower compared to the level it was prior to the respective meeting. A qualifying hike occurs when the new upper bound of the target federal funds rate is higher compared to the level it was prior to the respective meeting. A qualifying pause occurs when the new upper bound of the target federal funds rate is equal to the level it was prior to the respective meeting. If the Fed publishes a different combination than any listed, this market will resolve to "Other". Any rate cut will be encompassed by "Other". Emergency rate changes outside the regularly scheduled meetings will not be considered. The resolution source for this market is the FOMC’s statement after its meetings: 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: https://www.federalreserve.gov/monetarypolicy/openmarket.htm
The FED interest rates are defined in this market by the upper bound of the target federal funds rate. The decisions on the target federal funds rate are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve according to the decisions made by the next three Federal Open Market Committee (FOMC) meetings: September 15-16; October 27-28; and December 8-9. A qualifying cut occurs when the new upper bound of the target federal funds rate is lower compared to the level it was prior to the respective meeting. A qualifying hike occurs when the new upper bound of the target federal funds rate is higher compared to the level it was prior to the respective meeting. A qualifying pause occurs when the new upper bound of the target federal funds rate is equal to the level it was prior to the respective meeting. If the Fed publishes a different combination than any listed, this market will resolve to "Other". Any rate cut will be encompassed by "Other". Emergency rate changes outside the regularly scheduled meetings will not be considered. The resolution source for this market is the FOMC’s statement after its meetings: 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: https://www.federalreserve.gov/monetarypolicy/openmarket.htm**Market-implied odds for the Federal Reserve’s September–December 2026 rate path remain fragmented, with the leading sequence (hike–pause–hike) at just 23% amid a cluster of outcomes between 6.5% and 23%.** Recent data and policy signals explain the dispersion. July CPI rose 0.1% month-over-month and 3.4% year-over-year, while core measures stayed elevated; the labor market showed unemployment near 4.1% and mixed payroll gains. Under new Chair Kevin Warsh, the June dot plot lifted the median end-2026 funds rate projection to 3.8%, and forward guidance was removed, shifting focus to incoming data. Money-market pricing now embeds roughly a 63% chance of a September hike and about 25 basis points of tightening by year-end, yet many private forecasters still anticipate holds. The next CPI release on September 11 and the September 15–16 FOMC meeting will likely sharpen or further disperse these probabilities as traders reassess the balance between sticky inflation and growth momentum.

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

This market will resolve according to the decisions made by the next three Federal Open Market Committee (FOMC) meetings: September 15-16; October 27-28; and December 8-9.

A qualifying cut occurs when the new upper bound of the target federal funds rate is lower compared to the level it was prior to the respective meeting.

A qualifying hike occurs when the new upper bound of the target federal funds rate is higher compared to the level it was prior to the respective meeting.

A qualifying pause occurs when the new upper bound of the target federal funds rate is equal to the level it was prior to the respective meeting.

If the Fed publishes a different combination than any listed, this market will resolve to "Other". Any rate cut will be encompassed by "Other".

Emergency rate changes outside the regularly scheduled meetings will not be considered.

The resolution source for this market is the FOMC’s statement after its meetings:
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:
https://www.federalreserve.gov/monetarypolicy/openmarket.htm
Volume
$666
End Date
Dec 9, 2026
Market Opened
Sep 2, 2026, 4:24 PM ET

Resolver

0x69c47De9D...
The FED interest rates are defined in this market by the upper bound of the target federal funds rate. The decisions on the target federal funds rate are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve according to the decisions made by the next three Federal Open Market Committee (FOMC) meetings: September 15-16; October 27-28; and December 8-9. A qualifying cut occurs when the new upper bound of the target federal funds rate is lower compared to the level it was prior to the respective meeting. A qualifying hike occurs when the new upper bound of the target federal funds rate is higher compared to the level it was prior to the respective meeting. A qualifying pause occurs when the new upper bound of the target federal funds rate is equal to the level it was prior to the respective meeting. If the Fed publishes a different combination than any listed, this market will resolve to "Other". Any rate cut will be encompassed by "Other". Emergency rate changes outside the regularly scheduled meetings will not be considered. The resolution source for this market is the FOMC’s statement after its meetings: 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: https://www.federalreserve.gov/monetarypolicy/openmarket.htm

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Frequently Asked Questions

"Fed decisions (Sep–Dec)" is a prediction market on Polymarket with 9 possible outcomes where traders buy and sell shares based on what they believe will happen. The current leading outcome is "Hike–Pause–Hike" at 23%, followed by "Hike–Pause–Pause" at 17%. Prices reflect real-time crowd-sourced probabilities. For example, a share priced at 23¢ implies that the market collectively assigns a 23% 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.

"Fed decisions (Sep–Dec)" is a newly created market on Polymarket, launched on Sep 2, 2026. As an early market, this is your opportunity to be among the first traders to set the odds and establish the market's initial price signals. You can also bookmark this page to track volume and trading activity as the market gains traction over time.

To trade on "Fed decisions (Sep–Dec)," browse the 9 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 decisions (Sep–Dec)" is "Hike–Pause–Hike" at 23%, meaning the market assigns a 23% chance to that outcome. The next closest outcome is "Hike–Pause–Pause" at 17%. 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 decisions (Sep–Dec)" 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.