Fed Rate Cut Odds & Probability 2026
Live Polymarket odds on how many times the Fed cuts rates in 2026 and the probability of a cut at the next FOMC meeting. Prices refresh every 5 minutes.
Polymarket Smart Money Index
A live read on how the sharpest Polymarket wallets are positioned right now — momentum, trade velocity, and conviction across the top 100 traders. Use it to time entries on Fed rate decision markets.
What is the probability of a Fed rate cut at the next FOMC meeting?
The next FOMC rate decision is July 28–29, 2026, announced at 2:00 p.m. ET on the second day. Polymarket's live, real-money odds — shown above — are the market's current probability of a rate cut, updating every 5 minutes as CPI, PCE, and jobs data land. Because traders risk real capital, these prices often move faster than economist surveys and have closely tracked actual FOMC outcomes. For the full-year view, Polymarket also prices how many times the Fed cuts in 2026 (0, 1, 2, or 3+).
How many times will the Fed cut rates in 2026, and what are the odds of a cut at the next FOMC meeting? The live market above prices each outcome — 0, 1, 2, or 3+ cuts — in real time. Below you'll find the 2026 FOMC calendar, the largest position holders, and the top macro traders you can follow on Polycopy.
MARKET_POSITIONS
Top Holders — "No Rate Cuts" Market
The largest position holders on the "No Fed rate cuts in 2026" market. Click any trader to view their full profile, track record, and other positions on Polycopy.
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MARKET_CONTEXT
Understanding Fed Rate Cut Markets
How Fed Rate Markets Work on Polymarket
Unlike simple YES/NO markets, Polymarket's Fed rate cut market uses a multi-outcome structure. Traders bet on how many rate cuts the FOMC will deliver in 2026 — 0, 1, 2, or 3+ cuts. The market resolves based on the upper bound of the target federal funds rate at year-end compared to its starting level of 4.50%. Each 25-basis-point reduction counts as one cut. This structure lets traders express nuanced views rather than forcing a binary choice.
Why Fed Rate Markets Matter
Fed policy is the single most important variable in financial markets. Rate cuts affect mortgage rates, stock valuations, corporate borrowing costs, crypto prices, and bond markets globally. Polymarket aggregates the collective expectations of thousands of traders with real capital at risk, often producing more accurate and faster-updating forecasts than traditional Fed funds futures or economist surveys. When rate cut odds shift, everything from the S&P 500 to Bitcoin reacts.
What Moves Fed Rate Odds?
Key drivers include: CPI and PCE inflation data (the Fed's preferred measures), monthly jobs reports (non-farm payrolls), Fed Chair press conferences and FOMC meeting minutes, the quarterly Summary of Economic Projections (dot plot), banking sector stress signals, and global central bank moves. A single hot CPI print can shift "0 cuts" odds by 5-10 percentage points, while a surprise rate cut from the ECB or BoE can increase expectations for the Fed to follow.
FOMC_CALENDAR
When Is the Next FOMC Meeting? 2026 Fed Schedule
Each FOMC meeting is a potential catalyst for rate cut odds. Mark these dates — they drive the biggest single-day moves in Fed rate prediction markets.
Next FOMC meeting: July 28–29, 2026
The next Federal Reserve interest-rate decision is announced at 2:00 p.m. ET on July 28, 2026, followed by Chair Powell's press conference at 2:30 p.m. ET. The live odds above show how the market is pricing the outcome right now.
Jan 27–28
Mar 17–18
SEP / dot plot
Apr 28–29
Jun 16–17
SEP / dot plot
Jul 28–29
Sep 15–16
SEP / dot plot
Oct 27–28
Dec 8–9
SEP / dot plot
MACRO_LEADERBOARD
Top Macro Traders (Last 30 Days)
These traders profit from macro and economic prediction markets — rate cuts, recession odds, government shutdown, GDP, and more. Follow them on Polycopy to see their trades in real time.
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TRADING_STRATEGIES
Fed Rate Cut Trading Strategies
Trade the Dot Plot
After each FOMC Summary of Economic Projections (SEP), compare Polymarket's pricing to the Fed's own median dot plot projection. When the market diverges significantly from the Fed's guidance, there's often an opportunity to trade the convergence. The dot plot is released four times per year — in March, June, September, and December.
Play the CPI/NFP Reaction
CPI inflation prints and non-farm payroll (NFP) releases are the two highest-impact data points for rate cut expectations. Position before the release if you have a directional view on the data, or trade the reaction after the number drops. Hot CPI reduces cut odds; weak NFP increases them. These events create 3-8% swings in outcome pricing.
Spread Trades Across Outcomes
Multi-outcome markets let you express nuanced views that binary markets can't. For example, you can buy "2 cuts" and "3+ cuts" while selling "0 cuts" to express a dovish view without betting on the exact number. Or buy "0 cuts" and "1 cut" to bet the Fed stays tight without committing to zero. This flexibility is unique to Polymarket's multi-outcome structure.
Copy Macro Experts
Some traders specialize in FOMC and rate cut markets. Use Polycopy to find top macro traders, follow them, and copy their rate cut trades. Look for traders with consistent returns across rate decision, recession, and economic data markets — not just one lucky FOMC call.
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FAQ
Fed Rate Cut Prediction Market FAQ
How many Fed rate cuts are expected in 2026?
Polymarket runs a multi-outcome market on the number of 2026 rate cuts (0, 1, 2, or 3+), and the live odds at the top of this page show the current probability of each. Those prices are a real-money, real-time forecast that shifts daily with CPI and PCE inflation, jobs reports, and FOMC communications — check the live market above for the latest reading rather than a fixed number.
When is the next FOMC meeting in 2026?
The 2026 FOMC meetings are January 27–28, March 17–18, April 28–29, June 16–17, July 28–29, September 15–16, October 27–28, and December 8–9. The March, June, September, and December meetings include a Summary of Economic Projections (the "dot plot"). The Fed announces its rate decision at 2:00 p.m. ET on the second day of each meeting.
What are the odds of a Fed rate cut?
The live Polymarket odds at the top of this page show the current probability of how many times the Fed cuts in 2026. Because traders are risking real capital, these prices often update faster than economist surveys and track actual FOMC outcomes closely — making them a useful real-time gauge of Fed rate cut probability.
How do Fed rate cut markets on Polymarket work?
Polymarket's Fed rate cut market is a multi-outcome market where you buy shares in the number of cuts you expect (0, 1, 2, or 3+). The market resolves based on the upper bound of the target federal funds rate at year-end 2026 compared to its starting level. Each 25-basis-point reduction counts as one cut.
What is the Federal Open Market Committee (FOMC)?
The FOMC is the branch of the Federal Reserve that sets U.S. monetary policy. It meets eight times per year to decide whether to raise, lower, or hold the federal funds rate. The committee consists of the seven Fed governors and five of the twelve regional Fed bank presidents on a rotating basis.
How accurate are prediction markets at forecasting Fed decisions?
Prediction markets have a strong track record for individual FOMC meeting outcomes, often matching or outperforming Fed funds futures. For longer-horizon forecasts (like total cuts in a year), they capture shifting consensus in real time but can still be surprised by unexpected economic shocks or policy pivots.
Can I trade Fed rate cut markets on Polycopy?
Yes. Find traders active in FOMC and rate cut markets on Polycopy's Discover page, follow them, and copy their trades. Premium users can execute copy trades directly through Polycopy with one click.
What happens when the Fed cuts rates?
A rate cut lowers the federal funds rate, reducing borrowing costs across the economy. Mortgage rates typically fall, stocks often rally (especially growth and tech), bond prices rise, the dollar may weaken, and crypto markets tend to benefit from increased liquidity. The magnitude of these effects depends on whether the cut was expected or a surprise.
Copy Trade Macro Experts
Fed rate markets move on inflation data, FOMC decisions, and labor market reports that require deep macro knowledge. Copy trading lets you follow wallets that consistently read rate cut markets well — without needing to parse every dot plot yourself.
New to copy trading?
Find macro specialists
Browse Polycopy's leaderboard to find traders with strong track records on rate cut, recession, and FOMC meeting markets.
Watch their moves
Follow traders to see their macro positions in your feed. Study their timing around CPI releases and FOMC meetings before committing capital.
Copy what fits
When a trade aligns with your view, copy it with one click. You choose every trade — nothing is automated without your approval.
Start Trading Fed Rate Cut Markets
Follow top macro traders, see their FOMC positions in your feed, and copy the trades that match your view. Free to browse — premium to execute.
Disclaimer: This page is for informational purposes only and does not constitute financial, investment, or trading advice. Prediction markets carry risk — you can lose your entire investment. Past trader performance does not guarantee future results. Always do your own research and never risk more than you can afford to lose. Polycopy is not affiliated with Polymarket. Market data is cached and may not reflect real-time prices.