Fed Decision Tonight: Markets Price 68% Hold, Hike Risk On The Table
US Fed announces its rate decision tonight at 11:30 PM IST. Current range stands at 3.50-3.75%, unchanged since December 2025. Futures markets price roughly 68% odds of a hold and 31% odds of a hike, with July's oil price surge keeping inflation pressure in focus. No dot plot at this meeting.
Nictick — educational context
Most Fed meetings carry cut-or-hold expectations. This one is unusual because the tail risk sits on the hike side. When markets price a two-way outcome, option premiums and index volatility typically stay elevated into the announcement, and the first 30 minutes after the statement often show wide two-sided ranges as positioning unwinds.