Another Fed rate hike in 2026?
81%chance, according to the market
Backed by $21K traded in the last 24 hours — this is a price people are staking money on, not a forecast.
How the price has moved
We started recording this market's daily price today — the history will build from here.
How this resolves
The rules below decide who gets paid. Read them before the price — most surprises are definitional, not predictive.
This market will resolve to “Yes” if the upper bound of the target federal funds rate is increased at any point between September 17, 2026 and the completion of the Fed's December 2026 meeting, currently scheduled for December 8 to 9, 2026, inclusive of any rate hike announced as a result of the December meeting. Otherwise, this market will resolve to “No”.
Any change to the target federal funds rate announced at the conclusion of the September 15 to 16, 2026 FOMC meeting will not count toward this market. Emergency rate hikes announced on or after September 17, 2026 will qualify.
This market may not resolve to "No" until the Fed has released its rate change decision following its December meeting.
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.
Guides
Background worth reading before you trade this.
- ANALYSISWill the Fed hike again in October or December?After the 16 September hike, the market puts another one this year at 80.5%. October is 46.5c, December 68.5c, and two boards disagree on whether both can happen.
- ANALYSISHow to hedge gold with Fed rate-hike marketsGold fell more than 2% on one payrolls print. A layered hedge on the Fed hike-count market costs about 4% of the position and covers most of a tightening shock.
- ANALYSISWhy the Fed market prices a hike after negative payrollsUS payrolls went negative in July, yet the market still prices a September hike at 30.5c against a cut at barely one. Here is what that gap measures.
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Trade this marketPrice as of 2026-09-17 12:26 UTC · Source: Polymarket