Will the Fed decrease interest rates by 50+ bps after the September 2026 meeting?
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Market price
Current quote source and timing
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Public Polymarket CLOB observations. Midpoints are reference prices, not executable quotes. Gamma snapshots show fetch time only. These prices are not Convexly forecasts or ratings.
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Part of a mutually exclusive multi-outcome group (Polymarket neg-risk)
Part of event: Fed Decision in September? · fed-decision-in-september-762
Market structure and 24h change as reported by Polymarket's public API.
Top of book
Best bid
0.001
Best ask
0.002
Spread
67% of mid
0.10 pts
As reported by Polymarket's public API at 03:53 UTC; top of book, not full depth; per-side depth not shown. The spread is shown against the midpoint of the two quotes above, which is arithmetic on the venue's figures, not a figure the venue reports.
Volume
24h volume
$701,866
Total volume
$14,661,468
Volume as reported by Polymarket's public API.
Resolution rules
Rules supplied by Polymarket, reproduced verbatim; not independently reviewed or endorsed by Convexly.
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 September 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 September 15-16, 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 September 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.Show the full rules textHide the full rules text
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 September 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 September 15-16, 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 September 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.
Resolution mechanics
Resolution parameters as stated by Polymarket.
- Resolved by (UMA adapter)
- 0x69c47De9D4D3Dad79590d61b9e05918E03775f24
- Proposer bond
- $500 proposer bond
- Proposer reward
- $5 proposer reward
Structural coherence read
The Coherent Markets Engine checks this market's pricing for structural inconsistencies against related markets. Whether a current signal exists, and its construction, is included with Researcher.
See ResearcherMarket opened 2026-05-13 · minimum order size 5 shares · price tick size 0.001 · as stated by Polymarket.