Fed decisionEvery figure as of Sep 30, 1:12 AM ET

A frozen record for citation. Numbers on the live page change as markets move; these don’t. Methodology · Live source records

Data observedSep 30, 1:12 AM ET

Live page updatedSep 30, 1:12 AM ET

Permanent URLhttps://defirate.com/prediction-markets/fed-decision-odds/snapshot/2026-09-30T0112

DownloadAll figures and contracts (CSV)
Fed meeting odds (Kalshi) (CSV)

The Fed hikes on Oct. 28

44%

Last tradeStale

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 (44.5%) and Polymarket (43.5%), 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 44%” (average of Kalshi and Polymarket via DeFi Rate).

Venue	Contract	Role	Bid	Ask	Price	Price type	Quote
Kalshi	KXFEDDECISION-26OCT-H25	direct contract			44.50¢	last trade	stale · 853s old	Contract ↗
Polymarket	will-the-fed-increase-interest-rates-by-25-bps-after-the-october-2026-meeting-20260617190324032	direct contract			43.50¢	last trade	fresh · 49s old	Contract ↗

History: Kalshi daily close, 2026-05-27 to 2026-09-30 (127 rows). Kalshi daily close. The last point is the 1:12 AM observation. Full history (CSV)

Date	Value
2026-09-30	44.5%
2026-09-29	43.5%
2026-09-28	69.0%
2026-09-27	66.5%
2026-09-26	63.5%
2026-09-25	63.5%

The Fed holds on Oct. 28

55%

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 (54.5%) and Polymarket (55.5%), each at its last traded price.

Quote type: Last traded price. Cited as: “Markets put the chance the Fed holds on Oct. 28 at 55%” (average of Kalshi and Polymarket via DeFi Rate).

Venue	Contract	Role	Bid	Ask	Price	Price type	Quote
Kalshi	KXFEDDECISION-26OCT-H0	direct contract			54.50¢	last trade	fresh · 79s old	Contract ↗
Polymarket	will-there-be-no-change-in-fed-interest-rates-after-the-october-2026-meeting-20260617190324031	direct contract			55.50¢	last trade	fresh · 17s old	Contract ↗

History: Kalshi daily close, 2026-05-27 to 2026-09-30 (127 rows). Kalshi daily close. Full history (CSV)

Date	Value
2026-09-30	54.5%
2026-09-29	55.5%
2026-09-28	29.5%
2026-09-27	32.5%
2026-09-26	35.5%
2026-09-25	35.5%

The Fed hikes on Dec. 9

74%

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 (74.0%), each at its last traded price.

Quote type: Last traded price. Cited as: “Markets put the chance of a December Fed hike at 74%” (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 · 79s old	Contract ↗
Polymarket	will-the-fed-increase-interest-rates-by-25-bps-after-the-december-2026-meeting-20260729232808636	direct contract			74.00¢	last trade	fresh · 76s old	Contract ↗

History: Kalshi daily close, 2026-05-27 to 2026-09-30 (122 rows). Kalshi daily close. Full history (CSV)

Date	Value
2026-09-30	73.5%
2026-09-29	74.5%
2026-09-28	76.0%
2026-09-27	68.5%
2026-09-26	69.5%
2026-09-25	70.5%

At least one more hike in 2026

85%

Last tradeStale

The chance the Fed raises rates at least once more before the end of 2026.

Equal-weight average of Kalshi (84.5%) and Polymarket (85.5%). The two contracts are worded differently but settle on the same outcome.

Quote type: Last traded price. Cited as: “Markets give about an 85% 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			84.50¢	last trade	stale · 579s old	Contract ↗
Polymarket	another-fed-rate-hike-in-2026	direct contract			85.50¢	last trade	fresh · 120s old	Contract ↗

October hike, per Kalshi’s rate-level market

46%

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			45.50¢	last trade	fresh · 13s old	Contract ↗