TOTAL VOLUME:
$150.1b
24H VOL:
$142,857,652
24H TRANSACTIONS:
2,859,322,643
OPEN INTEREST:
$1,733,278,615
483,990
Markets across
35,811
events
MATCHED EVENTS:
3,349
PLATFORM COVERAGE:
5
Polymarket:
38%
VS.
Kalshi:
62%
$
The Federal Reserve's monetary policy decision on January 27, 2027, determining whether interest rates will be raised, held steady, or cut.
The market resolves to Yes for exactly one outcome based on the Federal Reserve's action on January 27, 2027. The outcomes are mutually exclusive: a cut greater than 25 basis points, a 25 basis point cut, maintaining the rate at 0 basis points change, a 25 basis point hike, or a hike greater than 25 basis points. If the scheduled FOMC meeting is canceled and does not occur on its scheduled date, the "Fed maintains rate" outcome resolves to Yes and all others resolve to No. Only one outcome can resolve to Yes per meeting.
On Kalshi, this market is priced using a continuous double auction mechanism, where traders submit bids and asks for contracts representing different outcomes. The price of a contract reflects the market’s assessment of the probability of that outcome occurring. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. As traders buy and sell, the prices adjust to reflect new information and changing sentiment. The current price of each outcome is determined by the highest bid and lowest ask, creating a dynamic and real-time assessment of the likely Fed decision. The volume of $288,496 indicates active trading and price discovery.
This market resolves around Jan 27, 2027, following the conclusion of the Federal Reserve’s January 2027 meeting. The outcome will be determined by the Federal Reserve’s official announcement regarding changes to the federal funds rate. The outcome will be verified against credible public reporting from official sources, such as the Federal Reserve’s website and press releases. The market will settle to 100 for the outcome that matches the actual decision made by the Federal Reserve, and 0 for all other outcomes.
Several key economic indicators and geopolitical events could significantly impact this market. Unexpected changes in inflation, employment figures, or GDP growth could shift expectations about the Fed’s policy path. Major shifts in global economic conditions, such as a recession in a key trading partner, could also influence the Fed’s decision. Furthermore, statements from Federal Reserve officials, particularly the Chair, and any unexpected geopolitical shocks could introduce volatility and move the odds. Monitoring these factors will be crucial for understanding how this market evolves over time.