Today’s odds
As of July 29, 2026, market-consensus odds put the chance at 0.1%.
Unchanged since the previous update. Probabilities are market-consensus forecasts, not predictions.
Will the Fed decrease interest rates by 25 bps after the July 2026 meeting?
Economy · tracked since July 20, 2026 · last updated 5:01 AM ET
0.1%
How the odds have moved
Every outcome we track
| Outcome | Jul 28 | Today | Move |
|---|---|---|---|
| Yes | 0.1% | 0.1% | — |
Full history table
| Date | Yes |
|---|---|
| 2026-07-29 | 0.1% |
| 2026-07-28 | 0.1% |
| 2026-07-27 | 0.1% |
| 2026-07-26 | 0.4% |
| 2026-07-25 | 0.4% |
| 2026-07-24 | 0.4% |
| 2026-07-23 | 0.4% |
| 2026-07-22 | 0.4% |
| 2026-07-21 | 0.4% |
| 2026-07-20 | 0.4% |
Use this data. The full daily history behind this page is free to download and reuse with a link back to this page: Download the full daily odds history (CSV) · the same history as JSON · about the open data. Updated every morning; past values never change.
Common questions
- Will the Fed decrease interest rates by 25 bps after the July 2026 meeting — what are the odds?
- As of July 29, 2026, the market-consensus chance is 0.1%. That is the aggregated judgment of traders with money at stake, reported by The Morning Line — not our own prediction.
- Will the Fed decrease interest rates by 25 bps after the July 2026 meeting — how much have the odds move?
- Barely. Across 10 tracked days the odds held near 0.4%, ending at 0.1% on July 29, 2026 — a question the market has not changed its mind about.
About this question
The Morning Line has reported the market-consensus odds on “Will the Fed decrease interest rates by 25 bps after the July 2026 meeting” for 10 days, since July 20, 2026. As of July 29, 2026, market-consensus odds sit at 0.1%. The chance for a yes has held near 0.4% across that stretch. These are reported probabilities, not our own predictions. This page updates every morning with the full daily history, free to download as JSON or CSV.