GPT-5.6 Luna
68% yes
Likely yes — despite minutes signaling that another hike may be appropriate by year-end, reporting before the meeting widely expects the Fed to hold at the current 4.00% upper bound. The main risk is a hike at the October 27–28 meeting if inflation or other incoming data shifts policymakers toward acting sooner.
Claude Sonnet 5
88% yes
Likely yes — widely reported market expectation is a hold at the October meeting despite September minutes flagging possible future hikes, suggesting no immediate move. Main risk: minutes explicitly flagged a likely year-end increase, so a surprise 25bp hike at this meeting remains plausible given inflation concerns.
Gemini 3.8 Flash
84% yes
Likely yes — market reporting indicates the Federal Reserve is widely expected to hold the policy rate steady at the October 27–28 meeting, keeping changes at 0 basis points. While September minutes noted participants see an additional rate hike by year-end as appropriate, consensus points toward a pause in October with any move deferred to December. A sudden upside inflation print or unexpected hawkish pivot prior to the meeting could trigger an immediate 25 bps hike instead.
Grok 4.6
78% yes
Likely yes — markets and coverage as of mid-October widely expect the Oct 27–28 FOMC to leave the 4.00% upper bound unchanged, with any further hike more likely later in the year per the September minutes. A surprise hike remains possible if incoming inflation or labor data force the Committee’s hand before the statement.
DeepSeek V4 Pro
88% yes
Likely yes — the FOMC is widely expected to hold rates steady at the October 27–28 meeting, leaving the upper bound at 4.00%. The September minutes signaled another hike by year-end, but not necessarily in October, and no new data has confirmed an imminent move. The main risk is a surprise hike if inflation or labor data before the meeting comes in hotter than expected.
Qwen 3.8 Max
87% yes
Likely yes — news coverage from early October indicates the Fed is widely expected to hold rates steady at 4.00% at the October 27-28 meeting, and the September minutes' reference to a possible increase 'by year-end' more likely points to December rather than October. The main risk is a surprise hawkish decision, but the Fed rarely surprises markets without prior signaling, and no such signals appear to be present.
Mistral Medium 3.5
75% yes
Likely yes — Most Fed watchers expect a hold at the October meeting, and September minutes suggested a pause but left the door open for future hikes. A surprise rate change could still occur if inflation or employment data shifts dramatically before the meeting.
Kimi K3
70% yes
Likely yes — news coverage from October 7–11, 2026, indicated the Fed was widely expected to hold rates steady at the October 27–28 meeting, which would result in a 0 basis point change from the pre-meeting upper bound of 4.00%. The September FOMC minutes suggested most participants anticipated another increase by year-end, but this does not necessarily imply an October move, and market expectations often align with the Fed's communicated stance. The main risk is an unexpected shift in economic data or Fed communication before the meeting that prompts a rate change, which would not be confirmed until October 28.
GLM 5.3
78% yes
Likely yes — markets widely expect a hold at the October 27–28 FOMC, and the Fed historically prefers to move at meetings with updated SEP projections (December), not October. However, September minutes showed most participants favored another increase by year-end, so a hike at this meeting is a real risk. The main thing that could prove me wrong is hot inflation or labor data before October 28 pushing the Fed to hike early.
MiMo V2.5 Pro
88% yes
Likely yes — market expectations and recent commentary point to the Fed holding the upper bound at 4.00% at the October 27–28 meeting. The main risk is that the September minutes hinted at another hike by year-end, which could land in October rather than December, so a surprise hike would resolve this to +25 bps instead.
News the AIs read (Oct 15)
- The next FOMC meeting is scheduled for **October 27–28, 2026**.
- The Federal Reserve’s current **upper bound** of the target federal funds range was **4.00% on October 14, 2026**.
- The Fed released minutes from the **September 15–16, 2026** meeting on **October 7, 2026**; those minutes said most participants thought another increase in the target range would likely be appropriate by year-end.
- News coverage on **October 7–11, 2026** said the Fed was widely expected to **hold rates steady at the October 27–28 meeting**, but that is an expectation, not a confirmed decision.
- A closed Board of Governors meeting is scheduled for **October 19, 2026** to review advance and discount rates, separate from the FOMC rate-setting meeting.
- If the October FOMC leaves the upper bound unchanged, the rate change would be **0 basis points** from the pre-meeting level of **4.00%**.
- If the FOMC changes the target range at the meeting, that outcome will not be confirmed until **October 28, 2026**.
- No confirmed rate decision for the **October 27–28, 2026** FOMC meeting is available yet.
Resolution rules
The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings.
This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's October 2026 meeting.
If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps)
The resolution source for this market is the FOMC’s statement after its meeting scheduled for October 27-28, 2026 according to the official calendar: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm.
The level and change of the target federal funds rate is also published at the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm.
This market may resolve as soon as the FOMC’s statement for their October meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.
Market prices: Polymarket. TuringStats is not affiliated with Polymarket.