Cut–Pause–Pause: The June 16–17, 2024 FOMC meeting (first). A cut is followed by two pauses if the new upper bound is lower than the prior level and then remains unchanged across the next two meetings. Settlement follows the FOMC statement reactions.
Outcome | Odds | Spread | 24h Change | 24h Volume | Total Volume | Liquidity | |
|---|---|---|---|---|---|---|---|
| Cut–Pause–Pause | No | — | — | — | — | — | |
| Cut–Pause–Cut | No | — | — | — | — | — | |
| Cut–Cut–Pause | No | — | — | — | — | — | |
| Cut–Cut–Cut | No | — | — | — | — | — | |
| Pause–Pause–Pause | — | — | — | — | — | — | |
| Pause–Pause–Cut | — | — | — | — | — | — | |
| Pause–Cut–Pause | — | — | — | — | — | — | |
| Pause–Cut–Cut | — | — | — | — | — | — | |
| Other | — | — | — | — | — | — |
The FED interest rates are defined in this market by the upper bound of the target federal funds rate. The decisions on the target federal funds rate are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve according to the decisions made by the next three Federal Open Market Committee (FOMC) meetings: June 16-17; July 28-29; and September 15-16. A qualifying cut occurs when the new upper bound of the target federal funds rate is lower compared to the level it was prior to the respective meeting. A qualifying hike occurs when the new upper bound of the target federal funds rate is higher compared to the level it was prior to the respective meeting. A qualifying pause occurs when the new upper bound of the target federal funds rate is equal to the level it was prior to the respective meeting. If the Fed publishes a different combination than any listed, this market will resolve to "Other". Any rate hike will be encompassed by "Other". Emergency rate cuts outside the regularly scheduled meetings will not be considered. The resolution source for this market is the FOMC’s statement after its meetings: 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: https://www.federalreserve.gov/monetarypolicy/openmarket.htm