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%

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Economics
Fed decision in Jan 2027?
kalshi

Fed decision in Jan 2027?

Sep 29, 2025, 10:00 AM EST - Jan 27, 2027, 2:05 PM EST
Total volume:
$288,496
Volume 24h:
$397
462%
Liquidity:
N/AN/A
Open interest:
$165,780
0.18%

Fed maintains rate

 - Kalshi

Fed maintains rate - Kalshi

1W

News

Positive

Negative

Neutral

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Vol.

·

Resolves Jan 27, 2027

Will the Federal Reserve Hike rates by 0bps at their January 2027 meeting?

67%chance
Amount

$

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kalshi

Trade on Kalshi

Join Kalshi and score $25 for your first trade.At 67¢ buys you 149 shares | Odds: 67% Total Payout: $149 | Net Profit: $49 Multiplier: 1.49x | ROI: 49% | APY: 381% 92 days to resolution
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Outcome
Trade
Chance %
Price
Spread
Liquidity
Volume
24h
7d
Open Interest
Ends in
Result
kalshi

Fed maintains rate

Trade
67%
Yes 67¢No 35¢
2¢
N/A
$64,493
0.11%
18%
$29,836
3mo 2d
active
kalshi

Hike 25bps

31%
Yes 31¢No 70¢
1¢
N/A
$146,999
0.03%
15%
$74,937
3mo 2d
active
kalshi

Hike >25bps

5%
Yes 5¢No 98¢
3¢
N/A
$20,106
0.12%
2%
$19,151
3mo 2d
active
kalshi

Cut 25bps

3%
Yes 2¢No 99¢
1¢
N/A
$38,417
0%
23%
$25,903
3mo 2d
active
kalshi

Cut >25bps

1%
Yes 1¢No 100¢
1¢
N/A
$18,481
1%
11%
$15,952
3mo 2d
active
Total markets: 5

Description

The Federal Reserve's monetary policy decision on January 27, 2027, determining whether interest rates will be raised, held steady, or cut.

Kalshi

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.

Frequently asked questions

Currently, prediction market participants are pricing in a different probability of a rate hike than many traditional analyst forecasts. While many analysts predict a pause or potential rate cuts, this market suggests a significant probability of the Federal Reserve maintaining its current rate. It’s important to remember that prediction markets represent the collective wisdom of traders willing to put their capital at risk, offering a unique perspective compared to polls or expert opinions. This difference in outlook could reflect differing interpretations of economic data or a greater sensitivity to potential risks.

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.