The Morning Line

Will the upper bound of the target federal funds rate be 2.0% at the end of 2026?

Everything Else · tracked since July 8, 2026 · no longer updating — this question left the market on September 1, 2026

0.4%

Final tracked odds

As of September 1, 2026, market-consensus odds put the chance at 0.4%.

Unchanged since the previous update. Probabilities are market-consensus forecasts, not predictions.

How the odds have moved

0%25%50%75%100%Jul 8Jul 22Aug 3Aug 8Sep 1Yes — Jul 8: 0.4%Yes — Jul 12: 0.5%Yes — Jul 13: 0.5%Yes — Jul 20: 0.4%Yes — Jul 21: 0.4%Yes — Jul 22: 0.4%Yes — Jul 23: 0.4%Yes — Jul 27: 0.4%Yes — Aug 1: 0.4%Yes — Aug 2: 0.4%Yes — Aug 3: 0.4%Yes — Aug 4: 0.4%Yes — Aug 5: 0.5%Yes — Aug 6: 0.4%Yes — Aug 7: 0.4%Yes — Aug 8: 0.4%Yes — Aug 9: 0.4%Yes — Aug 10: 0.4%Yes — Aug 11: 0.4%Yes — Aug 12: 0.4%Yes — Sep 1: 0.4%0.4%

Every outcome we track

OutcomeAug 12TodayMove
Yes0.4%0.4%
Full history table
DateYes
2026-09-010.4%
2026-08-120.4%
2026-08-110.4%
2026-08-100.4%
2026-08-090.4%
2026-08-080.4%
2026-08-070.4%
2026-08-060.4%
2026-08-050.5%
2026-08-040.4%
2026-08-030.4%
2026-08-020.4%
2026-08-010.4%
2026-07-270.4%
2026-07-230.4%
2026-07-220.4%
2026-07-210.4%
2026-07-200.4%
2026-07-130.5%
2026-07-120.5%
2026-07-080.4%

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. The record is final; past values never change.

Common questions

Will the upper bound of the target federal funds rate be 2.0% at the end of 2026 — what were the odds?
As of the last morning we tracked it, September 1, 2026, the market-consensus chance was 0.4%. That is the aggregated judgment of traders with money at stake, reported by The Morning Line — not our own prediction.
Will the upper bound of the target federal funds rate be 2.0% at the end of 2026 — how much did the odds move?
Barely. Across 21 tracked days the odds held near 0.4%, ending at 0.4% on September 1, 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 upper bound of the target federal funds rate be 2.0% at the end of 2026” for 21 days, since July 8, 2026. As of September 1, 2026, market-consensus odds sit at 0.4%. The final tracked chance for a yes has held near 0.4% across that stretch. These are reported probabilities, not our own predictions. The question left the market on September 1, 2026, and this page is now a permanent record.

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