Crowdwise

Live odds on macro events - Fed decisions, inflation, recessions - from Kalshi and Polymarket.

Rates/Fed
72%
Fed hikes 25bps at the Dec 2026 meeting
Kalshi · vol 662k▲ 1.0
Growth/Recession
6%
US recession by end of 2026?
Polymarket · vol 2.4M▼ 2.0
Inflation
8%
Will inflation reach more than 5% in 2026?
Polymarket · vol 344k
Commodities/Oil
87%
How many oil barrels per day will the US produce this year?
Kalshi · vol 12k▲ 1.0

Next Fed decision - December 2026

Market-implied odds across the possible FOMC outcomes.

Cut >251%Cut 252%Hold27%Hike 2572%Hike >252%

Each outcome is a separate market; live prices sum to 104%, not exactly 100%.

Implied Fed path

Market-implied cumulative rate change across upcoming meetings (bps vs today) - negative means easing is priced in.

Outcome by meeting

The full outcome distribution priced for each upcoming FOMC meeting.

CutHoldHike

Central banks: the crowd vs the curve

The chance each central bank raises before 2027, against what its own futures curve has priced. Kalshi lists one binary per bank and no meeting-by-meeting ladder outside the Fed, so this is the same comparison the chart above makes, cut across banks rather than time.

Crowd: chance of a rise before 2027Futures: basis points priced by end-2026Right: market volume

The two columns are different units. A probability answers whether any rise happens; a curve prices how much. Where the curve has a full rise in and the crowd does not, they disagree. The other 3 have no free curve and show the crowd only.

Upcoming resolutions

When the biggest markets settle - the macro calendar the crowd is watching.

146 markets · grouped by when they resolve · updated 11/2/2026, 11:48:48 PM

Near-term macro leads; long-dated markets sink to the bottom. Bar length = implied probability.

P %-

This week

16
ThemeMarket
Elections/PoliticsWill the Democratic Party control the House after the 2026 Midterm elections?Polymarket
95%
23.1Min 2d
—
Elections/Politics2026 Balance of Power: R Senate, R HousePolymarket
5%
20.7Min 2d
—
Elections/PoliticsWill the Republican Party control the House after the 2026 Midterm elections?Polymarket
6%
17.2Min 2d
—
Elections/Politics2026 Balance of Power: D Senate, D HousePolymarket
75%
14.7Min 2d
—
Rates/FedBank of England increases interest rates by 25 bps after November 2026 meeting?Polymarket
99%
172kin 3d
—
Rates/FedNo change in Bank of England’s interest rates after November 2026 meeting?Polymarket
2%
125kin 3d
—
Rates/FedReserve Bank of Australia increases interest rates by 25 bps at the November 2026 meeting?Polymarket
92%
111kin 2d
—
Rates/FedNo change in Reserve Bank of Australia's interest rates at the November 2026 meeting?Polymarket
8%
106kin 2d
—
Commodities/OilWill the WTI front-month settle oil price be >116.99 on Nov 3, 2026?Kalshi
4%
102ktomorrow
—
Rates/FedNo change in Bank of Mexico’s interest rates after November 2026 meeting?Polymarket
86%
94kin 3d
—
Rates/FedBank of Mexico decreases interest rates by 25 bps after November 2026 meeting?Polymarket
14%
79kin 3d
—
Rates/FedBank of England increases interest rates by 50+ bps after November 2026 meeting?Polymarket
1%
65kin 3d
—
Growth/RecessionWill the unemployment rate (U-3) be above 4.1% in October?Kalshi
63%
55kin 4d
—
Rates/FedBank of England decreases interest rates by 25 bps after November 2026 meeting?Polymarket
0%
53kin 3d
—
Growth/RecessionWill above 30000 jobs be added in October 2026?Kalshi
70%
33kin 4d
—
Commodities/OilWill the WTI crude oil settlement price be above 99.99 USD/Bbl on Nov 3, 2026?Kalshi
12%
5ktomorrow
—

This month

1
ThemeMarket
Growth/RecessionISM Manufacturing PMI in Nov 2026?Kalshi
50%
—in 29d
—

This quarter

102
ThemeMarket
GeopoliticsWill the U.S. invade Iran before 2027?Polymarket
18%
76.7Min 9w
—
GeopoliticsWill China invade Taiwan by end of 2026?Polymarket
2%
45.5Min 9w
—
GeopoliticsWill Richard Grenell be the leader of Venezuela end of 2026?Polymarket
0%
32.8Min 8w
—
GeopoliticsPutin out as President of Russia by December 31, 2026?Polymarket
2%
27.2Min 9w
—
GeopoliticsWill Frank Donovan be the leader of Venezuela end of 2026?Polymarket
0%
26.0Min 8w
—
Elections/PoliticsTrump out as President before 2027?Polymarket
4%
13.6Min 9w
—
Rates/FedNo Fed rate cuts in 2026Polymarket
97%
9.4Min 9w
—
Rates/Fed11 Fed rate cuts in 2026Polymarket
0%
5.3Min 9w
—
Rates/Fed10 Fed rate cuts in 2026Polymarket
0%
5.0Min 9w
—
Rates/Fed9 Fed rate cuts in 2026Polymarket
0%
4.3Min 9w
—
Rates/Fed6 Fed rate cuts in 2026Polymarket
0%
4.2Min 9w
—
Rates/Fed12+ Fed rate cuts in 2026Polymarket
0%
4.2Min 9w
—
Rates/Fed1 Fed rate cut in 2026Polymarket
1%
3.7Min 9w
—
Rates/Fed7 Fed rate cuts in 2026Polymarket
0%
3.5Min 9w
—
Rates/Fed2 Fed rate cuts in 2026Polymarket
0%
3.5Min 9w
—
Rates/Fed8 Fed rate cuts in 2026Polymarket
0%
3.3Min 9w
—
Rates/Fed5 Fed rate cuts in 2026Polymarket
0%
3.0Min 9w
—
Rates/Fed3 Fed rate cuts in 2026Polymarket
0%
3.0Min 9w
—
Rates/Fed4 Fed rate cuts in 2026Polymarket
0%
2.8Min 9w
—
Rates/FedFed holds at the Dec 2026 meetingPolymarket
26%
2.6Min 5w
—
Rates/FedFed hikes 25bps at the Dec 2026 meetingPolymarket
73%
2.6Min 5w
—
Growth/RecessionUS recession by end of 2026?Polymarket
6%
2.4Min 13w
—
Rates/FedFed cuts 25bps at the Dec 2026 meetingPolymarket
1%
2.2Min 5w
—
Rates/FedFed cuts 50+bps after the Dec 2026 meetingPolymarket
0%
1.9Min 5w
—
Rates/FedFed cuts rates before 2027Kalshi
3%
1.7Min 9w
—
Rates/FedFed hikes 50+bps after the Dec 2026 meetingPolymarket
2%
1.5Min 5w
—
Rates/FedAnother Fed rate hike in 2026?Polymarket
73%
1.3Min 5w
—
Rates/FedFed holds at the Dec 2026 meetingKalshi
27%
883kin 5w
—
Rates/FedFed rate cut by December 2026 meeting?Polymarket
1%
448kin 13w
—
Rates/FedFed lower bound ≤2.75% before 2027Polymarket
2%
380kin 8w
—
Rates/FedFed hikes 25bps at the Jan 2027 meetingPolymarket
26%
349kin 12w
—
InflationWill inflation reach more than 5% in 2026?Polymarket
8%
344kin 9w
—
Rates/FedFed lower bound ≤3.0% before 2027Polymarket
2%
325kin 8w
—
Rates/FedFed holds at the Jan 2027 meetingPolymarket
70%
293kin 12w
—
Rates/FedFed emergency rate cut before 2027?Polymarket
2%
262kin 9w
—
InflationWill inflation reach more than 4.5% in 2026?Polymarket
18%
256kin 9w
—
Growth/RecessionWill China’s 2026 annual GDP growth (Y/Y) be between 4.0% and 5.0%?Polymarket
96%
247kin 13w
—
Rates/FedFed lower bound ≤2.5% before 2027Polymarket
2%
234kin 8w
—
Rates/FedWill the 10-year Treasury yield hit 5.5% before 2027?Polymarket
10%
230kin 9w
—
Growth/RecessionWill US unemployment reach at least 5.5% in 2026?Polymarket
2%
218kin 13w
—
Rates/FedFed cuts 50+bps after the Jan 2027 meetingPolymarket
1%
194kin 12w
—
Rates/FedWill the Fed have an emergency meeting before Jan 1, 2027?Kalshi
4%
190kin 9w
—
Growth/RecessionWill US unemployment reach at least 5.0% in 2026?Polymarket
3%
174kin 13w
—
Rates/FedFed cuts 25bps at the Jan 2027 meetingPolymarket
2%
173kin 12w
—
Rates/FedWill the Fed Hike–Pause–Hike in the next three decisions (Sep–Oct–Dec)?Polymarket
72%
165kin 5w
—
Rates/FedWill the Fed Hike–Pause–Pause in the next three decisions (Sep–Oct–Dec)?Polymarket
25%
164kin 5w
—
Rates/FedFed upper bound ≥4.25% before 2027Polymarket
71%
151kin 8w
—
Rates/FedFed hikes 25bps at the Jan 2027 meetingKalshi
25%
151kin 12w
—
Rates/FedFed upper bound ≥5.25% before 2027Polymarket
2%
143kin 8w
—
Rates/FedFed lower bound ≤0.25% before 2027Polymarket
2%
133kin 8w
—
Growth/RecessionWhen will the next U.S. recession start?Kalshi
0%
131kin 8w
—
Rates/FedWill the 10-year Treasury yield hit 5.7% before 2027?Polymarket
5%
129kin 9w
—
Rates/FedFed hikes 50+bps after the Jan 2027 meetingPolymarket
1%
120kin 12w
—
Rates/FedWill the 10-year Treasury yield hit 6.0% before 2027?Polymarket
3%
119kin 9w
—
Growth/RecessionWill China’s 2026 annual GDP growth (Y/Y) be 9% or higher?Polymarket
0%
118kin 13w
—
InflationWill the rate of CPI inflation be above 3.9% for the year ending in November 2026?Kalshi
41%
112kin 5w
—
Rates/FedFed lower bound ≤0.5% before 2027Polymarket
2%
111kin 8w
—
Growth/RecessionWill US unemployment reach at least 6.0% in 2026?Polymarket
1%
110kin 13w
—
Growth/RecessionWill China’s 2026 annual GDP growth (Y/Y) be between 6.0% and 7.0%?Polymarket
0%
92kin 13w
—
Rates/FedWill the 5-year Treasury yield hit 5.10% before 2027?Polymarket
36%
92kin 8w
—
Rates/FedWill the 10-year Treasury yield hit 5.4% before 2027?Polymarket
22%
89kin 9w
—
Growth/RecessionWill China’s 2026 annual GDP growth (Y/Y) be between 5.0% and 6.0%?Polymarket
2%
88kin 13w
—
Growth/RecessionWill China’s 2026 annual GDP growth (Y/Y) be between 3.0% and 4.0%?Polymarket
1%
88kin 13w
—
Rates/FedFed lower bound ≤3.25% before 2027Polymarket
2%
83kin 8w
—
Rates/FedFed upper bound ≥4.75% before 2027Polymarket
2%
82kin 8w
—
Rates/FedWill the 5-year Treasury yield dip below 4.65% before 2027?Polymarket
82%
81kin 9w
—
Growth/RecessionWill China’s 2026 annual GDP growth (Y/Y) be between 1.0% and 2.0%?Polymarket
0%
77kin 13w
—
Rates/FedWill the Bank of Canada make no change to the target for the overnight rate at the December interest rate announcement?Polymarket
64%
75kin 5w
—
InflationWill the rate of CPI inflation be above 3.8% for the year ending in December 2026?Kalshi
68%
75kin 10w
—
Rates/FedWill the Bank of Canada increase the target for the overnight rate by 25 bps at the December interest rate announcement?Polymarket
37%
74kin 5w
—
InflationWill inflation reach more than 6% in 2026?Polymarket
3%
70kin 9w
—
Growth/RecessionWill China’s 2026 annual GDP growth (Y/Y) be below 1.0%?Polymarket
0%
68kin 13w
—
Rates/FedWill the 5-year Treasury yield hit 5.25% before 2027?Polymarket
12%
68kin 8w
—
Rates/FedWill the 10-year Treasury yield dip below 3.8% before 2027?Polymarket
5%
66kin 8w
—
Rates/FedWill the Fed Pause-Hike-Pause in the next three decisions (Oct-Dec-Jan)?Polymarket
62%
66kin 12w
—
Growth/RecessionWill China’s 2026 annual GDP growth (Y/Y) be between 7.0% and 8.0%?Polymarket
0%
65kin 13w
—
Rates/FedBank of England rate hike in 2026?Polymarket
98%
65kin 9w
—
InflationWill the UK’s 2026 inflation be between 3.5% and 3.9%?Polymarket
57%
63kin 11w
—
Rates/FedWill the 30-year Treasury yield hit 5.70% before 2027?Polymarket
17%
63kin 8w
—
InflationWill inflation reach more than 10% in 2026?Polymarket
1%
61kin 9w
—
Commodities/OilWill Venezuelan crude oil production reach 1.7m barrels per day in 2026?Polymarket
2%
61kin 17w
—
Rates/FedFed upper bound ≥5.5% before 2027Polymarket
2%
59kin 8w
—
Rates/FedWill the 10-year Treasury yield dip below 3.9% before 2027?Polymarket
5%
59kin 8w
—
Rates/FedWill the 10-year Treasury yield dip below 4.8% before 2027?Polymarket
62%
55kin 9w
—
Growth/RecessionWill real GDP increase by more than 3.5% in Q1 2027?Kalshi
12%
55kin 25w
—
Growth/RecessionWill China’s 2026 annual GDP growth (Y/Y) be between 8.0% and 9.0%?Polymarket
0%
55kin 13w
—
Rates/FedWill the 5-year Treasury yield dip below 4.45% before 2027?Polymarket
36%
55kin 8w
—
Growth/RecessionWill the US economy be in a soft landing at the end of 2026?Polymarket
3%
55kin 13w
—
Rates/FedWill the 30-year Treasury yield hit 6.00% before 2027?Polymarket
5%
55kin 8w
—
Growth/RecessionWill US unemployment reach at least 10.0% in 2026?Polymarket
2%
54kin 13w
—
Growth/RecessionWill real GDP increase by more than 3.5% in Q4 2026?Kalshi
30%
53kin 12w
—
Rates/FedFed hikes 25bps at the Mar 2027 meetingKalshi
47%
26kin 19w
—
Rates/FedFed funds >3.50% after the Apr 2027 meetingKalshi
94%
24kin 25w
—
Rates/FedFed hikes >25bps at the Apr 2027 meetingKalshi
2%
23kin 25w
—
Rates/FedWill the Bank of England raise the Bank Rate before 2027?Kalshi
99%
15kin 9w
—
Rates/FedFed funds >4.25% after the Mar 2027 meetingKalshi
75%
14kin 19w
—
Commodities/OilHow many oil barrels per day will the US produce this year?Kalshi
87%
12kin 9w
—
Growth/RecessionWill the unemployment rate (U-3) be above 5.0% in November?Kalshi
1%
6kin 5w
—
Growth/RecessionJapan recession in 2026?Polymarket
9%
4kin 26w
—
Rates/FedWill the 10-year minus 2-year Treasury spread be above 1.00% between Issuance and December 31, 2026?Kalshi
2%
3kin 8w
—
Growth/RecessionWill above 125000 jobs be added in November 2026?Kalshi
14%
2kin 5w
—
Rates/FedFed funds >6.00% after the Jan 2027 meetingKalshi
10%
88in 12w
—

Long-dated

27