Fed decision in Dec 2026?

5 outcomesSettles Dec 09, 2026 (39d) Fed Watch — futures-implied odds

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Theme
Preview
Favorite70%Hike 25bps
Favorite
70%
Hike 25bps
Runner-up
30%
Fed maintains rate
Biggest 24h move+4 pts
30%
Fed maintains rate
24h volume
$185K
$1.7M open interest · $1 contracts

Current odds

one winner

Odds over time

daily

Daily closing odds for the leading outcomes.

Where the large orders went

7 days · ≥ $1K
  • Hike >25bps
    YES $0 · NO $129K · 18 orders · biggest $48K
  • Fed maintains rate
    YES $22K · NO $78K · 27 orders · biggest $25K
  • Hike 25bps
    YES $57K · NO $36K · 23 orders · biggest $15K
  • Cut 25bps
    YES $0 · NO $7K · 3 orders · biggest $3K

Recent large orders

WhenOutcomeSidePriceSize
Fed maintains rateYES 30¢$3K
Hike >25bpsNO 98¢$20K
Fed maintains rateYES 29¢$1K
Hike 25bpsNO 33¢$7K
Fed maintains rateNO 73¢$2K
Fed maintains rateNO 76¢$25K
Fed maintains rateNO 76¢$4K
Hike 25bpsNO 29¢$8K
Fed maintains rateNO 78¢$2K
Fed maintains rateNO 73¢$3K

All outcomes

5
OutcomeOdds24h change24h volumeOpen interest
Hike 25bps 70% -1.5 $65K $329K
Fed maintains rate 30% +4.0 $80K $463K
Hike >25bps 2% +1.0 $23K $424K
Cut 25bps 0% — $11K $311K
Cut >25bps 0% — $6K $158K

Same series