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 funds range 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: January 27–28, 2026; March 17-18, 2026; and April 28-29.
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 hike will be encompassed by "Other".
Emergency rate cuts 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
Economic Policy
· Fed Rates
· Fed
Fed decisions (Jan-Apr)
Pause–Pause–Pause
$116.3K Volume
99%
Pause–Cut–Pause
1%
Pause–Cut–Cut
1%
Other
$289.3K Volume
1%
Cut–Pause–Cut
$8.6K Volume
1%
Cut–Pause–Pause
$2.8K Volume
1%
Cut–Cut–Pause
$6.5K Volume
1%
Cut–Cut–Cut
$22.1K Volume
1%
Pause–Pause–Cut
$250.1K Volume
1%
About This Market
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No change
Yes 99¢No 1¢
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How many Fed rate cuts in 2026?
0 (0 bps)
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No change
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Fed decisions (Mar-Jun)
Pause–Pause–Pause
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Other
Yes 1¢No 99¢
Bank of Japan Decision in June?
25 bps increase
Yes 96¢No 4¢
No change
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Fed rate cut by...?
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October Meeting
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ECB Interest Rates: June 2026
25 bps Increase
Yes 98¢No 2¢
No change
Yes 2¢No 98¢
