Skip to main content
icon for Fed Decision in December?
Economy·Fed

Fed Decision in December?

icon for Fed Decision in December?
Economy·Fed

Fed Decision in December?

Sep 16

Oct 28

Dec 9

Jan 27, 2027

Sep 16

Oct 28

Dec 9

Jan 27, 2027

No change 60%

25 bps increase 32%

25 bps decrease 7.6%

50+ bps decrease 1.9%

Polymarket

$291,117 Vol.

No change 60%

25 bps increase 32%

25 bps decrease 7.6%

50+ bps decrease 1.9%

Polymarket

$291,117 Vol.

50+ bps decrease

$52,868 Vol.

2%

25 bps decrease

$63,208 Vol.

8%

No change

$52,834 Vol.

60%

25 bps increase

$62,192 Vol.

32%

50+ bps increase

$60,015 Vol.

2%

The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's December 2026 meeting. If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps) The resolution source for this market is the FOMC’s statement after its meeting scheduled for December 8-9, 2026 according to the official calendar: 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 at https://www.federalreserve.gov/monetarypolicy/openmarket.htm. This market may resolve as soon as the FOMC’s statement for their December meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.Elevated inflation readings and hawkish Federal Reserve communications are the primary drivers behind trader consensus for the December 2026 FOMC decision, with no change at 59.5% implied probability and a 25 basis point hike at 31.5%. July CPI showed headline inflation at 3.4% year-over-year and core at 2.5%, with energy prices providing the main upward impulse, while officials including Chair Kevin Warsh emphasized returning to the 2% target. Recent July meeting minutes highlighted upside risks and the potential need for higher rates absent further cooling, aligning market-implied odds with the current 3.50-3.75% policy range. September data releases and the upcoming FOMC meeting remain key near-term catalysts that could shift these probabilities.

The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings.

This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's December 2026 meeting.

If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps)

The resolution source for this market is the FOMC’s statement after its meeting scheduled for December 8-9, 2026 according to the official calendar: 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 at https://www.federalreserve.gov/monetarypolicy/openmarket.htm.

This market may resolve as soon as the FOMC’s statement for their December meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.
Volume
$291,117
End Date
Dec 9, 2026
Market Opened
Jul 29, 2026, 8:38 PM ET

Resolver

0x69c47De9D...
The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's December 2026 meeting. If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps) The resolution source for this market is the FOMC’s statement after its meeting scheduled for December 8-9, 2026 according to the official calendar: 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 at https://www.federalreserve.gov/monetarypolicy/openmarket.htm. This market may resolve as soon as the FOMC’s statement for their December meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.
The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's December 2026 meeting. If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps) The resolution source for this market is the FOMC’s statement after its meeting scheduled for December 8-9, 2026 according to the official calendar: 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 at https://www.federalreserve.gov/monetarypolicy/openmarket.htm. This market may resolve as soon as the FOMC’s statement for their December meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.Elevated inflation readings and hawkish Federal Reserve communications are the primary drivers behind trader consensus for the December 2026 FOMC decision, with no change at 59.5% implied probability and a 25 basis point hike at 31.5%. July CPI showed headline inflation at 3.4% year-over-year and core at 2.5%, with energy prices providing the main upward impulse, while officials including Chair Kevin Warsh emphasized returning to the 2% target. Recent July meeting minutes highlighted upside risks and the potential need for higher rates absent further cooling, aligning market-implied odds with the current 3.50-3.75% policy range. September data releases and the upcoming FOMC meeting remain key near-term catalysts that could shift these probabilities.

The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings.

This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's December 2026 meeting.

If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps)

The resolution source for this market is the FOMC’s statement after its meeting scheduled for December 8-9, 2026 according to the official calendar: 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 at https://www.federalreserve.gov/monetarypolicy/openmarket.htm.

This market may resolve as soon as the FOMC’s statement for their December meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.
Volume
$291,117
End Date
Dec 9, 2026
Market Opened
Jul 29, 2026, 8:38 PM ET

Resolver

0x69c47De9D...
The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's December 2026 meeting. If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps) The resolution source for this market is the FOMC’s statement after its meeting scheduled for December 8-9, 2026 according to the official calendar: 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 at https://www.federalreserve.gov/monetarypolicy/openmarket.htm. This market may resolve as soon as the FOMC’s statement for their December meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.

Related

icon for Will there be no change in Fed interest rates after the October 2026 meeting?

Will there be no change in Fed interest rates after the October 2026 meeting?

72%
icon for Will there be no change in Fed interest rates after the September 2026 meeting?

Will there be no change in Fed interest rates after the September 2026 meeting?

68%
icon for Will the upper bound of the target federal funds rate be 3.75% at the end of 2026?

Will the upper bound of the target federal funds rate be 3.75% at the end of 2026?

35%

Beware of external links.

Frequently Asked Questions

"Fed Decision in December?" is a prediction market on Polymarket with 5 possible outcomes where traders buy and sell shares based on what they believe will happen. The current leading outcome is "No change" at 60%, followed by "25 bps increase" at 32%. Prices reflect real-time crowd-sourced probabilities. For example, a share priced at 60¢ implies that the market collectively assigns a 60% chance to that outcome. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

As of today, "Fed Decision in December?" has generated $291.1K in total trading volume since the market launched on Jul 29, 2026. This level of trading activity reflects strong engagement from the Polymarket community and helps ensure that the current odds are informed by a deep pool of market participants. You can track live price movements and trade on any outcome directly on this page.

To trade on "Fed Decision in December?," browse the 5 available outcomes listed on this page. Each outcome displays a current price representing the market's implied probability. To take a position, select the outcome you believe is most likely, choose "Yes" to trade in favor of it or "No" to trade against it, enter your amount, and click "Trade." If your chosen outcome is correct when the market resolves, your "Yes" shares pay out $1 each. If it's incorrect, they pay out $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

The current frontrunner for "Fed Decision in December?" is "No change" at 60%, meaning the market assigns a 60% chance to that outcome. The next closest outcome is "25 bps increase" at 32%. These odds update in real-time as traders buy and sell shares, so they reflect the latest collective view of what's most likely to happen. Check back frequently or bookmark this page to follow how the odds shift as new information emerges.

The resolution rules for "Fed Decision in December?" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.