TOTAL VOLUME:
$93.3b
24H VOL:
$456,121,595
24H TRANSACTIONS:
895,496,382
OPEN INTEREST:
$2,225,544,031
787,139
Markets across
13,831
events
MATCHED EVENTS:
902
PLATFORM COVERAGE:
5
Polymarket:
46%
VS.
Kalshi:
54%
Time left: 18d:02h:25m
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This market tracks whether the Federal Reserve will maintain its current interest rate across three consecutive policy decisions, with the upper bound of the target federal funds rate serving as the defining metric. On Polymarket, the leading outcome—three consecutive pauses from April through July—stands at 93.5%, while a pause-pause-cut scenario holds 4.2% probability. Resolution will be determined by official FOMC statements following the scheduled meetings on April 28-29, June 16-17, and July 28-29, as published on the Federal Reserve's monetary policy website. Watch the July 28-29 FOMC decision for final resolution, as it represents the third and final meeting that will determine the outcome.
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: April 28-29; June 16-17; and July 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
Prediction market odds on Polymarket often diverge from traditional analyst surveys and Fed funds futures because they incorporate real-time trader positioning and tail-risk pricing. While Wall Street economists and Bloomberg consensus typically publish point forecasts for rate decisions, prediction markets reflect the full distribution of outcomes weighted by trader conviction. Markets may price in lower probability scenarios—such as emergency cuts or surprise holds—that analysts downplay. Comparing Polymarket odds to the latest FOMC guidance and economist median forecasts reveals whether traders are pricing in more dovish or hawkish outcomes than the consensus view.
On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. On Polymarket, Fed decisions (Apr-Jul) outcomes are priced as binary contracts reflecting the probability traders assign to each scenario. The top outcome—Will the Fed Cut–Cut–Cut in the next three decisions (Apr–Jun–Jul)?—currently reflects market sentiment on a specific rate-cut sequence. Prices update continuously as new economic data, inflation reports, and Fed communications arrive. Traders buy or sell shares to express their view, and the contract price directly represents the implied probability. Polymarket's automated market maker ensures tight spreads and deep liquidity, allowing you to enter or exit positions at transparent, real-time prices.
The Fed decisions (Apr-Jul) market resolves on Jul 29, 2026, after the July 2026 Federal Reserve decision. Resolution is determined by the actual sequence of policy actions announced by the Federal Reserve at each of its three scheduled meetings during this period. Traders must correctly predict the combination of decisions—cuts, holds, or hikes—across all three dates for their position to resolve in-the-money. The market captures the full three-month monetary policy cycle, making it sensitive to inflation trends, employment data, and forward guidance released between April and July.
Key catalysts include monthly employment reports, Consumer Price Index and Producer Price Index releases, retail sales data, and Fed speakers' commentary. Unexpected inflation spikes or labor market weakness could shift odds toward rate cuts, while strong economic data may price in holds or hikes. FOMC meeting minutes and Chair Powell's press conferences provide direct signals about the Fed's policy path. Geopolitical shocks, financial stability concerns, or credit market stress could also trigger rapid repricing. Each data release between now and Jul 29, 2026 will refine trader expectations for the April, June, and July decisions, creating trading opportunities as probabilities adjust.
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