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Description
What will be the next Fed rate change? The market tracks the first FOMC decision between market creation and December 31, 2028, 11:59 PM ET that changes the upper bound of the target federal funds rate. It resolves to Hike if the decision raises the rate relative to the prior level, to Cut if it lowers the rate, and to 50-50 if no decision changes the rate. The resolution source is the FOMC statement after meetings, with official rate levels published by the Federal Reserve.
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Outcome | Odds | Spread | 24h Change | 24h Volume | Total Volume | Liquidity | |
|---|---|---|---|---|---|---|---|
| What will be the next Fed rate change? | — | — | — | — | — | — |
Rules
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 to “Hike” if the first FOMC decision to change the upper bound of the target federal funds rate between market creation and December 31, 2028, 11:59 PM ET is one that increases the specified rate compared to the level it was prior to the respective meeting. This market will resolve to “Cut” if the first FOMC decision to change the upper bound of the target federal funds rate between market creation and December 31, 2028, 11:59 PM ET is one that decreases the specified rate compared to the level it was prior to the respective meeting. If the FOMC announces no decision changing the specified rate between market creation and December 31, 2028, 11:59 PM ET, this market will resolve to “50-50”. Any decision changing the specified rate within the specified timeframe, including emergency and non-scheduled decisions, will qualify. 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