**Persistent inflation pressures above the Fed’s 2% target, combined with resilient economic growth and a solid labor market, have driven trader consensus toward zero rate cuts in 2026.** As of mid-September 2026, the federal funds rate target range stands at 3.50–3.75%, with the effective rate near 3.63%. Recent hotter-than-expected CPI prints, strong nonfarm payrolls, and hawkish signals from Chair Kevin Warsh—emphasizing that “inflation is a choice”—have shifted market-implied odds sharply toward holding rates steady or even hiking at the September 15–16 FOMC meeting. The Fed’s June dot plot already showed nearly half of participants projecting at least one hike by year-end, pushing cuts into 2027. This 93.8% implied probability for zero cuts reflects aggregated capital at risk pricing in a higher-for-longer stance. A rapid cooling in inflation data or unexpected labor-market softening could still reopen the door to easing later in the year.
Polymarketデータを参照したAI生成の実験的な要約。これは取引アドバイスではなく、このマーケットの解決方法には一切関係ありません。 · 更新日Fed maintains cautious stance on rate cuts amid persistent inflation and labor market stability
0 (0 bps) jumps to 93%7%
As of September 2026, the Fed has maintained rates with no additional cuts, reflecting ongoing concerns about inflation remaining above target and a stable labor market. Market pricing shows a high probability of zero cuts for the year.
Market pricing shows strong consensus for zero Fed rate cuts in 2026
0 (0 bps) rises to 93%4%
By early September 2026, prediction markets and futures data indicated a dominant market belief that the Fed would not cut rates in 2026, with the 0 (0 bps) outcome price rising to 93%, reflecting confidence in the Fed's steady policy stance.




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