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Fed Rate Decision in January 2027?

Chart

Hike 25 Bps54%
No Change45%
Hike ≥50 Bps5%
Cut 25 Bps4%
Oct 12Oct 20Oct 27Nov 4Nov 11
100%75%50%25%0%

Outcomes

Hike 25 Bps
28%54%
No Change
24%45%
Hike ≥50 Bps
0%5%
Cut 25 Bps
0%4%
Cut ≥50 Bps
0%4%

Rules

The outcome is decided by the federal funds target range decision that the Federal Reserve publishes in its statement at 1:00 PM CT at the conclusion of the scheduled Federal Open Market Committee (FOMC) meeting in January 2027, as recorded in the Federal Reserve's official table of target range changes. The change is measured in basis points against the range in effect immediately before that announcement, and a decision that leaves the range unchanged counts as no change. The outcome is Yes if the change matches the move specified in the market question, such as a hike of at least a given size, no change, or a cut, and No otherwise. The outcome is final when the decision is published, early resolution does not apply, and if the release is delayed, resolution waits until it is published.

About

The federal funds target range is a policy interest rate range that the Federal Reserve sets for the US. The measure is the decision the Federal Reserve announces on the federal funds target range at its scheduled Federal Open Market Committee (FOMC) meeting in January 2027, expressed as the direction and size of any change from the level in effect just before it.

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