The Morning Line

Will there be no change in Fed interest rates after the September 2026 meeting?

Economy · tracked since July 20, 2026 · last updated 5:01 AM ET

40%

Today’s odds

As of July 29, 2026, market-consensus odds put the chance at 40%.

▲ 3 since the previous update. ▼ 5 over the last 7 days. Probabilities are market-consensus forecasts, not predictions.

How the odds have moved

0%25%50%75%100%Jul 20Jul 22Jul 24Jul 27Jul 29Yes — Jul 20: 54%Yes — Jul 21: 48%Yes — Jul 22: 46%Yes — Jul 23: 42%Yes — Jul 24: 40%Yes — Jul 25: 40%Yes — Jul 26: 42%Yes — Jul 27: 42%Yes — Jul 28: 38%Yes — Jul 29: 40%40%

Every outcome we track

OutcomeJul 28TodayMove
Yes38%40%▲ 3
Full history table
DateYes
2026-07-2940%
2026-07-2838%
2026-07-2742%
2026-07-2642%
2026-07-2540%
2026-07-2440%
2026-07-2342%
2026-07-2246%
2026-07-2148%
2026-07-2054%

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 there be no change in Fed interest rates after the September 2026 meeting — what are the odds?
As of July 29, 2026, the market-consensus chance is 40%. That is the aggregated judgment of traders with money at stake, reported by The Morning Line — not our own prediction.
Will there be no change in Fed interest rates after the September 2026 meeting — have the odds gone up or down?
Down. Over the 10 days we tracked this question, the odds moved from 54% on July 20, 2026 to 40% on July 29, 2026 — a change of 14 points.
Will there be no change in Fed interest rates after the September 2026 meeting — what are the highest and lowest odds?
Over 10 tracked days the odds ranged between 38% and 54%. The current reading of 40% sits inside that range.

About this question

The Morning Line has reported the market-consensus odds on “Will there be no change in Fed interest rates after the September 2026 meeting” for 10 days, since July 20, 2026. As of July 29, 2026, market-consensus odds sit at 40%. The chance for a yes has fallen from 54% to 40%, ranging between 38% and 54% 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.

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