| Outcome | Probability | Yes Bid | Yes Ask | 24h Change | Volume | |
|---|---|---|---|---|---|---|
| Cut >25bps | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Cut 25bps | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Fed maintains rate | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Hike 25bps | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Hike >25bps | 0% | 0¢ | 0¢ | — | $0 | Trade → |
This market lets participants express expectations about the Federal Reserve's policy decision announced at the April 2027 FOMC meeting. The Fed's decision influences interest rates, borrowing costs, and financial markets, so it matters for investors and policymakers.
The Federal Open Market Committee meets on a preset calendar and issues a policy statement and projections that guide interest-rate policy; the April meeting is one of those regular decision points. In recent years the Fed's actions have been driven by the balance between inflation readings and labor-market strength, as well as evolving communication strategies and financial-stability concerns. That context — including any legacies from prior tightening or easing cycles — shapes the options available to policymakers in April 2027.
Market odds reflect the collective view of traders about which discrete Fed outcome will occur at the April 2027 meeting; they update as new data and Fed communications arrive but are not guarantees of the final decision.
The decision will be announced at the conclusion of the Federal Open Market Committee's April meeting, typically on the final day of that meeting; this market settles to the official Fed statement or release as defined in the contract, so consult the market's settlement terms for exact timing.
The five outcomes correspond to the discrete policy options defined by the exchange for this contract (for example, specific rate ranges or stated policy actions); view the platform's outcome descriptions to see the precise definitions used for settlement.
Primary actors are the FOMC voting members — the Chair, Board of Governors, and regional Federal Reserve Bank presidents — with the New York Fed and the Chair's public comments and projections being especially influential for market expectations.
Key movers include monthly PCE and CPI inflation reports, monthly employment/payroll reports, quarterly GDP releases, ISM/manufacturing data, major Fed speeches and minutes, and any material financial‑stability developments or geopolitical shocks.
Resolution follows the exchange's published settlement rules and the official Fed communication referenced in the contract; if timing or wording creates ambiguity the market operator will apply the contract's adjudication procedures, so check the market terms or contact support for specifics.