The snapshot from Oct 27, 2:57 PM 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/2026-10-27T1551/.
Permanent snapshot · never updated
Fed decisionEvery figure as of Oct 27, 3:51 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
5%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 (5.5%) and Polymarket (4.5%), 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 5%” (average of Kalshi and Polymarket via DeFi Rate).
| Venue | Contract | Role | Bid | Ask | Price | Price type | Quote | |
|---|---|---|---|---|---|---|---|---|
| Kalshi | KXFEDDECISION-26OCT-H25 | direct contract | 5.50¢ | last trade | fresh · 174s old | Contract ↗ | ||
| Polymarket | will-the-fed-increase-interest-rates-by-25-bps-after-the-october-2026-meeting-20260617190324032 | direct contract | 4.50¢ | last trade | fresh · 127s old | Contract ↗ |
History: Kalshi daily close, 2026-05-27 to 2026-10-27 (154 rows). Kalshi daily close. The last point is the 3:51 PM observation. Full history (CSV)
| Date | Value |
|---|---|
| 2026-10-27 | 5.5% |
| 2026-10-26 | 7.5% |
| 2026-10-25 | 6.5% |
| 2026-10-24 | 6.5% |
| 2026-10-23 | 7.5% |
| 2026-10-22 | 5.5% |
The Fed holds on Oct. 28
95%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 (94.5%) and Polymarket (95.5%), each at its last traded price.
Quote type: Last traded price. Cited as: “Markets put the chance the Fed holds on Oct. 28 at 95%” (average of Kalshi and Polymarket via DeFi Rate).
| Venue | Contract | Role | Bid | Ask | Price | Price type | Quote | |
|---|---|---|---|---|---|---|---|---|
| Kalshi | KXFEDDECISION-26OCT-H0 | direct contract | 94.50¢ | last trade | fresh · 150s old | Contract ↗ | ||
| Polymarket | will-there-be-no-change-in-fed-interest-rates-after-the-october-2026-meeting-20260617190324031 | direct contract | 95.55¢ | last trade | fresh · 205s old | Contract ↗ |
History: Kalshi daily close, 2026-05-27 to 2026-10-27 (154 rows). Kalshi daily close. Full history (CSV)
| Date | Value |
|---|---|
| 2026-10-27 | 94.5% |
| 2026-10-26 | 92.5% |
| 2026-10-25 | 92.5% |
| 2026-10-24 | 92.5% |
| 2026-10-23 | 92.5% |
| 2026-10-22 | 93.5% |
The Fed hikes on Dec. 9
75%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 (73.5%) and Polymarket (76.5%), each at its last traded price.
Quote type: Last traded price. Cited as: “Markets put the chance of a December Fed hike at 75%” (average of Kalshi and Polymarket via DeFi Rate).
| Venue | Contract | Role | Bid | Ask | Price | Price type | Quote | |
|---|---|---|---|---|---|---|---|---|
| Kalshi | KXFEDDECISION-26DEC-H25 | direct contract | 73.50¢ | last trade | fresh · 888s old | Contract ↗ | ||
| Polymarket | will-the-fed-increase-interest-rates-by-25-bps-after-the-december-2026-meeting-20260729232808636 | direct contract | 76.50¢ | last trade | fresh · 135s old | Contract ↗ |
History: Kalshi daily close, 2026-05-27 to 2026-10-27 (149 rows). Kalshi daily close. Full history (CSV)
| Date | Value |
|---|---|
| 2026-10-27 | 73.5% |
| 2026-10-26 | 72.5% |
| 2026-10-25 | 74.5% |
| 2026-10-24 | 73.5% |
| 2026-10-23 | 71.5% |
| 2026-10-22 | 71.5% |
At least one more hike in 2026
77%Last trade
The chance the Fed raises rates at least once more before the end of 2026.
Equal-weight average of Kalshi (77.5%) 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 77% 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 | 77.50¢ | last trade | fresh · 294s old | Contract ↗ | ||
| Polymarket | another-fed-rate-hike-in-2026 | direct contract | 76.50¢ | last trade | fresh · 167s old | Contract ↗ |
October hike, per Kalshi’s rate-level market
6%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 | 5.50¢ | last trade | fresh · 681s old | Contract ↗ |