Apr 29, 2026 - May 2, 2026, December Meeting price dropped from 57.5c to 45c before slightly recovering to 48.5c, and October Meeting fell from 46.5c to 34.35c. This was driven by the market continuing its weak oscillation regarding rate cuts across all months, having digested recent hawkish Fedspeak and economic data.
Apr 28, 2026 - Apr 30, 2026, December Meeting price dropped heavily from 62c to 45c, October Meeting dropped from 44.65c to 35.9c, and September Meeting fell from 42.05c to 28.65c. The reason is the market further digesting recent macroeconomic data indicating economic resilience and sticky inflation, causing participants to rapidly unwind bets on Q4 or any rate cuts this year.
Apr 26, 2026 - Apr 29, 2026, September Meeting price dropped heavily from 47.05c to 30.85c. The reason is the market digesting recent macroeconomic data indicating economic resilience and sticky inflation, causing participants to rapidly unwind bets on a late Q3 rate cut.
Apr 26, 2026 - Apr 28, 2026, September Meeting price fell from 47.05c to 42.05c, and October Meeting price plummeted from 53.95c to 44.65c, driven by short-term capital rebalancing and thin liquidity, causing another significant pricing inversion between the two.
Apr 26, 2026 - Apr 27, 2026, October Meeting price plummeted from 53.95c to 43.9c, driven by short-term capital rebalancing and thin liquidity, causing a significant pricing inversion with the September contract.
Apr 19, 2026 - Apr 20, 2026, October Meeting price plummeted from 62.95c to 49.8c, driven by cooling confidence in an October rate cut as the market digested new data, causing short-term capital rebalancing and a brief pricing inversion with the September contract.
Apr 18, 2026 - Apr 21, 2026, October Meeting price plummeted from 64.1c to 49.8c before rebounding slightly to 52.85c, driven by cooling confidence in an October rate cut as the market digested new data. Short-term capital rebalancing caused a brief pricing inversion with the September contract, which has since normalized.
Apr 16, 2026 - Apr 19, 2026, September Meeting price surged from 41.95c to 53.85c, driven by further consolidation of September rate cut expectations as the market digested the latest economic data.
Apr 10, 2026 - Apr 13, 2026, October Meeting price plummeted from 69.2c to 51.75c, July Meeting dropped from 33.5c to 22c, and September Meeting fell from 47.95c to 36.55c, driven by the market further digesting persistently high inflation data, causing expectations for rate cuts this year (especially in Q3 and Q4) to continue cooling significantly.
Apr 7, 2026 - Apr 10, 2026, July Meeting price surged from 22.5c to 33.5c, and October Meeting price rose from 54.95c to 73.6c before settling at 69.2c, driven by a repricing of expectations for H2 (especially summer and Q4) rate cuts as the market digested new economic data.
Mar 27, 2026 - Mar 31, 2026, July Meeting price crashed from 43.5c to 25.5c, driven by cooling expectations for summer rate cuts and sentiment returning to rationality after short-term speculation.
Mar 23, 2026 - Mar 26, 2026, December Meeting price rebounded from 55.5c to 66.5c, while September Meeting surged from 38.7c to 49.8c before retreating to ~41.5c. The reason is sentiment recovery after short-term panic selling, with capital repricing H2 rate cut expectations amid a fierce tug-of-war between dip buyers and profit takers.
Mar 21, 2026 - Mar 23, 2026, October Meeting price crashed from 53.6c to 35.5c (-18.1c), and December Meeting fell from 68.5c to 55.5c. The reason was the confirmation that H1 cuts were off the table, spreading panic to Q4 and causing a liquidity stampede.