The snapshot from Oct 22, 11:05 AM ET isn’t kept: this page’s figures are live, and older snapshots aren’t stored yet. This is the latest, at its own permanent address: https://defirate.com/odds/fed-decision/snapshot/2026-10-22T1202/.
Permanent snapshot · never updated
Fed decisionEvery figure as of Oct 22, 12:02 PM ET
A frozen record for citation. Numbers on the live page change as markets move; these don’t. Methodology · Live source records
The Fed hikes on Oct. 28
7%Last trade
The chance the Federal Reserve raises its target range by a quarter point at the Oct. 27–28 meeting, as priced on Kalshi and Polymarket. Settles on the Fed’s official statement.
Equal-weight average of Kalshi (7.5%) and Polymarket (6.5%), each at its last traded price.
Quote type: Last traded price. Cited as: “Prediction markets put the chance of a Fed rate hike on Oct. 28 at 7%” (average of Kalshi and Polymarket via DeFi Rate).
| Venue | Contract | Role | Bid | Ask | Price | Price type | Quote | |
|---|---|---|---|---|---|---|---|---|
| Kalshi | KXFEDDECISION-26OCT-H25 | direct contract | 7.50¢ | last trade | fresh · 192s old | Contract ↗ | ||
| Polymarket | will-the-fed-increase-interest-rates-by-25-bps-after-the-october-2026-meeting-20260617190324032 | direct contract | 6.50¢ | last trade | fresh · 57s old | Contract ↗ |
History: Kalshi daily close, 2026-05-27 to 2026-10-22 (149 rows). Kalshi daily close. The last point is the 12:02 PM observation. Full history (CSV)
| Date | Value |
|---|---|
| 2026-10-22 | 7.5% |
| 2026-10-21 | 11.5% |
| 2026-10-20 | 12.5% |
| 2026-10-19 | 13.5% |
| 2026-10-18 | 12.5% |
| 2026-10-17 | 13.5% |
The Fed holds on Oct. 28
93%Last trade
The chance the Fed leaves its target range unchanged on Oct. 28, as priced on Kalshi and Polymarket.
Equal-weight average of Kalshi (92.5%) and Polymarket (92.5%), each at its last traded price.
Quote type: Last traded price. Cited as: “Markets put the chance the Fed holds on Oct. 28 at 93%” (average of Kalshi and Polymarket via DeFi Rate).
| Venue | Contract | Role | Bid | Ask | Price | Price type | Quote | |
|---|---|---|---|---|---|---|---|---|
| Kalshi | KXFEDDECISION-26OCT-H0 | direct contract | 92.50¢ | last trade | fresh · 192s old | Contract ↗ | ||
| Polymarket | will-there-be-no-change-in-fed-interest-rates-after-the-october-2026-meeting-20260617190324031 | direct contract | 92.50¢ | last trade | fresh · 124s old | Contract ↗ |
History: Kalshi daily close, 2026-05-27 to 2026-10-22 (149 rows). Kalshi daily close. Full history (CSV)
| Date | Value |
|---|---|
| 2026-10-22 | 92.5% |
| 2026-10-21 | 88.5% |
| 2026-10-20 | 87.5% |
| 2026-10-19 | 85.5% |
| 2026-10-18 | 86.5% |
| 2026-10-17 | 86.5% |
The Fed hikes on Dec. 9
73%Last trade
The chance of a quarter-point hike at the Dec. 8–9 meeting, as priced on Kalshi and Polymarket. Each meeting is its own market, so this isn’t conditional on October.
Equal-weight average of Kalshi (72.5%) and Polymarket (73.5%), each at its last traded price.
Quote type: Last traded price. Cited as: “Markets put the chance of a December Fed hike at 73%” (average of Kalshi and Polymarket via DeFi Rate).
| Venue | Contract | Role | Bid | Ask | Price | Price type | Quote | |
|---|---|---|---|---|---|---|---|---|
| Kalshi | KXFEDDECISION-26DEC-H25 | direct contract | 72.50¢ | last trade | fresh · 1548s old | Contract ↗ | ||
| Polymarket | will-the-fed-increase-interest-rates-by-25-bps-after-the-december-2026-meeting-20260729232808636 | direct contract | 73.50¢ | last trade | fresh · 255s old | Contract ↗ |
History: Kalshi daily close, 2026-05-27 to 2026-10-22 (144 rows). Kalshi daily close. Full history (CSV)
| Date | Value |
|---|---|
| 2026-10-22 | 72.5% |
| 2026-10-21 | 75.5% |
| 2026-10-20 | 75.5% |
| 2026-10-19 | 75.5% |
| 2026-10-18 | 72.5% |
| 2026-10-17 | 74.5% |
At least one more hike in 2026
79%Last trade
The chance the Fed raises rates at least once more before the end of 2026.
Equal-weight average of Kalshi (80.5%) and Polymarket (76.5%). The two contracts are worded differently but settle on the same outcome.
Quote type: Last traded price. Cited as: “Markets give about a 79% chance of at least one more Fed hike in 2026” (average of Kalshi and Polymarket via DeFi Rate).
| Venue | Contract | Role | Bid | Ask | Price | Price type | Quote | |
|---|---|---|---|---|---|---|---|---|
| Kalshi | KXFEDHIKE-2-26DEC31 | direct contract | 80.50¢ | last trade | fresh · 127s old | Contract ↗ | ||
| Polymarket | another-fed-rate-hike-in-2026 | direct contract | 76.50¢ | last trade | fresh · 158s old | Contract ↗ |
October hike, per Kalshi’s rate-level market
9%Last tradeSingle venue
The same question asked a different way: the chance the target range’s upper bound is above today’s after the October meeting.
Kalshi only. Shown to compare with Kalshi’s decision contract.
Quote type: Last traded price. Cited as: “” (Kalshi via DeFi Rate).
| Venue | Contract | Role | Bid | Ask | Price | Price type | Quote | |
|---|---|---|---|---|---|---|---|---|
| Kalshi | KXFED-26OCT-T4.00 | direct contract | 8.50¢ | last trade | fresh · 192s old | Contract ↗ |