Federal Reserve interest rate decisions shape the broader economy, affecting everything from mortgage rates to corporate borrowing costs. The Fed's policy meetings occur roughly every six weeks, where officials vote on whether to raise rates, lower rates, or hold steady. These prediction markets track what participants expect the Federal Reserve will decide at upcoming meetings. Common questions on these markets include whether the Fed will raise rates by 25, 50, or more basis points; cut rates; or maintain current levels. The sample markets shown reflect active trading on near-term decisions (April and June 2026 meetings) across various rate-change scenarios. **What moves these market prices?** **Economic data**: Employment reports, inflation figures (CPI, PCE), and GDP growth all influence Fed expectations. Stronger-than-expected inflation typically increases odds of a rate hike. **Fed communications**: Official statements, speeches by Federal Reserve officials, and forward guidance directly impact market pricing. Markets react quickly to shifts in Fed messaging about future policy. **Market consensus**: Economic forecasts, analyst expectations, and Bloomberg surveys of economists help set baseline probabilities that these markets then adjust based on new information. **Global conditions**: International economic developments and central bank decisions abroad can influence Fed thinking and market sentiment. These markets serve as a real-time gauge of what informed participants expect the Fed to do. They're useful for tracking consensus expectations, spotting disagreement among market participants, or understanding how specific economic data might shift rate-decision odds.