Fed Tracker
The Fed Tracker turns futures-implied probabilities into the market-priced odds for every upcoming FOMC meeting, showing where traders expect the federal funds target range to move and the implied rate path ahead.
| FOMC Meeting | Implied Rate | P(Cut) | P(Hold) | P(Hike) |
|---|---|---|---|---|
| Dec 8-9 | 4.07% | 0.00% | 21.40% | 78.60% |
| Jan 26-27 | 4.12% | 0.00% | 17.40% | 82.60% |
| Mar 16-17 | 4.22% | 0.00% | 10.30% | 89.70% |
| Apr 27-28 | 4.26% | 0.00% | 8.80% | 91.20% |
| Jun 8-9 | 4.32% | 0.00% | 6.70% | 93.30% |
| Jul 27-28 | 4.33% | 0.00% | 6.30% | 93.70% |
| Sep 14-15 | 4.34% | 0.00% | 6.00% | 94.00% |
| Oct 26-27 | 4.33% | 30.00% | 7.10% | 92.60% |
As of 2026-11-07.