What does the raise in interest rates mean?

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1News media
Published

Key claims & sources

Summary in preparation.

Market reaction i

Total crypto marketall crypto assets combined no single asset in the event: read against the whole market

The total crypto market fell 4.6% in the 4 hours after the first headline, after rising 0.6% in the 2 hours before.

$2.7T market cap at the headline
+0.6% 2 h before
-4.6% 4 h after
-4.5% 12 h after
First headline

48 prices, one every 30 minutes

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Nov 5 14:02
BBC News — Business scoop
Breaks the event

What Federal funds rate has done before

WhenWhat happenedFigure
40 days ago Federal funds rate: 3.88 (+0.13) rise Oct 2026
2 months ago Federal funds rate: 3.75 (+0.12) rise Sep 2026
3 months ago Federal funds rate: 3.63 no change Aug 2026
4 months ago Federal funds rate: 3.63 no change Jul 2026
5 months ago Federal funds rate: 3.63 no change Jun 2026

FRED series, with the value of each release and its change.

What could happen next i

Fed Decision in December? Polymarket · settles Dec 9 · $3.2M bet in 24 h
88% 25 bps increase ▲ 12 pts in 24 h
  • 25 bps increase ▲12 88%
  • No change ▼16 6%
  • 50+ bps increase ▲4 5%
  • 25 bps decrease <1%
25 bps increase, last 16 days
Another Fed rate hike in 2026? Polymarket · settles Dec 10 · $170.1k bet in 24 h
90% Yes ▲ 15 pts in 24 h
  • Yes ▲15 90%
  • No ▼15 9%
Yes, last 16 days
Fed decision in Dec 2026? Kalshi · settles Dec 9 · $121.3k bet in 24 h
81% Hike 25bps ▲ 4 pts in 24 h
  • Hike 25bps ▲4 81%
  • Fed maintains rate ▼3 20%
  • Cut 25bps 2%
  • Hike >25bps ▼1 1%
  • 1 more1%
Hike 25bps, last 16 days