Will the upper bound of the target federal funds rate be 3.0% at the end of 2026?
Current price
0.25¢
±0¢ · 24h
Implied probability 0.25%
$501.7K total volume · YES/NO
Low gotcha risk
Gotcha risk — resolution-rule assessment
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The resolution rules clearly specify that the outcome is determined by the upper bound of the Federal Reserve's target federal funds range following the December 2026 FOMC meeting. Resolution relies directly on official Federal Reserve statements from a specified website. The rules also provide an unambiguous fallback deadline of December 31, 2026, and explicitly define rounding mechanics to the nearest 25 basis points, including tie-breaking behavior away from zero.
- Wording ambiguity
- Low
- Source discretion
- Low
- Timing risk
- Low
- Exceptional clauses
- Low
Liquidity
Moderate book at the daily check: a spread over 1¢, or less than $50K within 5¢ of the mid. Larger orders may move the price, so check the book before sizing.
Why it moved
No big moves in the last 7 days.
Resolution rules
The FED rate is defined in this market by the upper bound of the target federal funds range. The decisions on the target federal fund range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve according to the upper bound of the Federal Reserve’s target federal funds range after the December 2026 Federal Open Market Committee (FOMC) meeting, currently scheduled for December 8-9, 2026. This market may resolve immediately after the statement for the FOMC’s December meeting, with relevant information about the FOMC’s decision on the target federal funds range, has been issued. If no FOMC decision on the target federal funds range for their December meeting has been issued by December 31, 2026, 11:59 PM ET, this market will resolve according to the upper bound of the target federal funds range at that time. The upper bound of the target federal funds range will be rounded to the nearest 25 basis points for resolution of this market. If the upper bound of the target federal funds range falls exactly between two listed options, it will be rounded away from zero (e.g. if the upper bound is 2.875, with listed options of 3.0 & 2.75, this market will resolve to 3.0). The primary resolution source for this market will be official information from the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm).
Rules history
Rules history is not displayed yet.
Market explained
This market measures whether the upper bound of the Federal Reserve's target federal funds range will be 3.0% following the December 2026 FOMC meeting. Resolution includes rounding to the nearest 25 basis points, with values falling exactly halfway rounded away from zero.
How it resolves
The market resolves Yes if the upper bound of the target federal funds range is 3.0% after the December 2026 FOMC meeting, or after rounding to the nearest 25 basis points (rounding away from zero if exactly halfway). The market resolves No if the resulting upper bound is any other value. If no FOMC decision is issued for the December meeting by December 31, 2026, at 11:59 PM ET, the market resolves based on the upper bound in effect at that time. Official information from the Federal Reserve decides the outcome.
Key dates
- FOMC meeting start: — Start of the scheduled December 2026 FOMC meeting.
- FOMC meeting end: — End of the scheduled December 2026 FOMC meeting.
- Resolution deadline: — Cutoff time of 11:59 PM ET if no December meeting decision is issued.
Resolution source
official information from the Federal Reserve
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