Economics prediction markets
Interest rates, inflation, jobs, and Fed decisions, shown as the crowd's implied probabilities.
244 markets · page 2 of 11
July 2026 Fed Combo: Rate and Dissents
6 outcomes
Interest rates, inflation, jobs, and Fed decisions, shown as the crowd's implied probabilities.
244 markets · page 2 of 11
6 outcomes
Despite a 15-point surge in Yes probability over the past week, no relevant Fed or economic headlines appear in the provided data, leaving the move unexplained and potentially driven by unlisted factors.
Yes ≈ 20% chance
The field is highly concentrated with three buckets (3.69-3.71, 3.75+, 3.72-3.74) capturing 89% of probability, showing strong expectations of a yield above 3.69. The most notable shift is the surge of the "3.75 or more" bucket to 30%, likely driven by oil-induced inflation fears that pushed longer-term yields to multi-month highs (CNBC, Jul 23).
6 outcomes
Yes ≈ 2% chance
The field is unusually concentrated for a Fed decision market, with only two viable outcomes, but the 61% 'Other' category masks a fragmented set of rate-path possibilities that could consolidate if a clear pattern emerges from upcoming data or Fed guidance.
2 outcomes
The field is highly concentrated among three scenarios (3.25%, 3.50%, 3.75%) with 83% combined probability, reflecting expectations of only modest cuts from the current 3.75% rate, but the single biggest recent shift was the Bank of England's June 18 hold at 3.75%, which likely solidified 3.75% as a viable end-year outcome and dampened hopes for aggressive easing (CNBC, Jun 18).
5 outcomes
The market is essentially a binary bet between three consecutive holds (28%) and any other outcome (72%), with the high 'Other' share reflecting broad uncertainty about the path beyond July, not just the July meeting itself.
2 outcomes
Yes ≈ 91% chance
Yes ≈ 61% chance
Yes ≈ 72% chance
The field is heavily concentrated on the 3.5% or more bucket at 80%, but the sum of all other candidates exceeds 100% due to overlapping ranges, indicating genuine dispersion of risk. The biggest recent shift is the compression of lower-rate bets after the Bank of Mexico cut (Reuters, May 7) and the UK base rate hold (Money Saving Expert, Jun 18), which together signaled that major central banks are not aggressively easing, reinforcing the high-rate scenario.
7 outcomes
The low 6% odds reflect that double-digit US inflation is historically rare and has not occurred since the early 1980s, and while global inflation pressures persist, no recent data point suggests US CPI is nearing that threshold within six months of Powell's departure.
Yes ≈ 6% chance
Yes ≈ 79% chance
The field is highly concentrated on the high-yield outcomes, with the top three buckets capturing 96% of the probability, but the single biggest recent shift is a sharp intra-week reversal: yields slid on July 24 after oil fell on hopes for new U.S.-Iran peace talks (CNBC, Jul 24), interrupting a multi-day spike that had pushed the 10-year toward 5% (CNBC, Jul 23).
6 outcomes
Yes ≈ 60% chance
Yes ≈ 48% chance
The field is highly concentrated on a 0.25% cut, but the key shift is that the probability of 'maintain' has risen from near zero to 30% since late 2025, driven by the central bank's signals of a 'new stage' of steady rates (Reuters, Sep 23, 2025) and recent analysis emphasizing no recessionary shortcuts (Valor International, Jun 23).
4 outcomes