TOTAL VOLUME:
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622,934
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Kalshi:
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This event group tracks whether the Federal Reserve will change its target federal funds rate (upper bound) at the June 16-17, 2026 FOMC meeting, with outcomes categorized by basis point magnitude: 50+ bps decrease, 25 bps decrease, no change, 25 bps increase, or 50+ bps increase. Both platforms offer identical outcome brackets and apply the same rounding rule (12.5 bps rounds up to 25 bps).
The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's June 2026 meeting. If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps) The resolution source for this market is the FOMC’s statement after its meeting scheduled for June 16-17, 2026 according to the official calendar: 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 at https://www.federalreserve.gov/monetarypolicy/openmarket.htm. This market may resolve as soon as the FOMC’s statement for their June meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.
The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's June 2026 meeting. If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps) The resolution source for this market is the FOMC’s statement after its meeting scheduled for June 16-17, 2026 according to the official calendar: 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 at https://www.federalreserve.gov/monetarypolicy/openmarket.htm. This market may resolve as soon as the FOMC’s statement for their June meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.
Limitless and Predict can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. Limitless and Predict may price the same Fed outcome differently due to variations in user base composition, liquidity depth, and order-flow timing. Limitless currently shows 0.1% for its top outcome, while Predict reflects , a spread of percentage points. Differences arise from distinct market-maker strategies, fee structures, and regional trader preferences. Arbitrage opportunities may emerge as informed traders exploit pricing gaps, gradually aligning the platforms toward consensus as the June decision date approaches.
The Fed Decision in June market resolves on Jun 18, 2026, following the Federal Reserve's official announcement of its policy decision. Resolution hinges on the Fed's communicated interest-rate action—whether officials hold rates steady, cut by 25 basis points, cut by 50 or more basis points, or raise rates. The outcome is determined by the Fed's post-meeting statement and Chair Powell's press conference. Markets track the specific magnitude and language of the decision to settle competing outcome shares accurately.
Key catalysts include monthly inflation reports (CPI and PCE), employment data, GDP growth revisions, and Fed speaker commentary. Unexpected economic weakness could boost rate-cut odds, while hotter inflation or strong labor markets may reduce them. Geopolitical shocks, financial stability concerns, or credit market stress could trigger rapid repricing. Fed officials' speeches and congressional testimony provide forward guidance. Treasury yield movements and market volatility indices often precede odds shifts. Traders monitor Fed funds futures and options markets for institutional positioning clues that signal conviction about the June outcome.
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