Name: Fed Derivative: "No Change" flips "25bps cut" by December 9?
Start: 2025-11-24T22:25:19.37172Z
End: 2025-12-09T00:00:00Z

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This market will resolve to “Yes” if, between “No Change” and “25 bps decrease”, “No Change” becomes the favorite in the Dec 10, 2025 Fed decision market (https://polymarket.com/event/fed-decision-in-december) for any 4 hour period ending December 9, 2025, 11:59PM ET or earlier. Otherwise, this market will resolve to “No”.

“No Change” will be considered to have become the favorite for a four hour period if it is ahead of “25 bps cut / 25 bps decrease” in more individual minutes than “25 bps cut / 25 bps decrease” is ahead of “No Change” during the period.

The resolution source will be the underlying minute-level price data for the Dec 10, 2025 “Fed decision in December?” market, which can be viewed using the bar chart on Federivative (https://federivative.polymarket.com/) with the range set to "6H" and the candle set to “1m” or through the “Resolution” tab on Federivative with the time set to look at a specific four hour window. This will display the 4-hour scoring window and the underlying minute-level comparisons. Both interfaces display the same underlying data.

Fed Derivative: "No Change" flips "25bps cut" by December 9?

This market will resolve to “Yes” if the upper bound of the target federal funds rate is decreased at any point between December 16, 2025 and the completion of the Federal Open Market Committee (FOMC) meeting for June 2026, currently scheduled for June 16-17. Otherwise, this market will resolve to “No”.

If no June meeting takes place by July 7, 2026, 11:59 PM ET, and no qualifying rate cut has been announced, this market will resolve to "No". 

Emergency rate cuts will qualify.

The primary resolution source for this market will be the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm), however a consensus of credible reporting may also be used.

Fed rate cut by June 2026 meeting?

This market will resolve to “Yes” if the upper bound of the target federal funds rate is increased at any point between January 1, 2026 and the Fed's December 2026 meeting, currently scheduled for December 8-9, 2026. Otherwise, this market will resolve to “No”.

This market may not resolve to "No" until the Fed has released its rate change decision following its December meeting.

The primary resolution source for this market will be the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm), however a consensus of credible reporting may also be used.

Fed rate hike in 2026?

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.

Will there be no change in Fed interest rates after the June 2026 meeting?

This market will resolve according to the exact amount of cuts of 25 basis points in 2026 by the Fed (including any cuts made during the December meeting).

Emergency rate cuts outside of scheduled FOMC meetings will also count toward the total number of cuts in 2026. This market will remain open until December 31, 2026, 11:59 PM ET, to account for any such emergency actions.

For example, if the Fed cuts rates by 50 bps after a meeting, it would be considered 2 cuts (of 25 bps each).

This market will resolve early to "No" if the specified number of cuts becomes impossible — i.e., if more cuts have already occurred than the strike in question.

Note that cuts between 1–24 bps (inclusive) will also be considered 1 rate cut.

The resolution source for this market will be FOMC statements after meetings scheduled in 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.

Will 3 Fed rate cuts happen in 2026?

This market will resolve to “Yes” if the upper bound of the European Central Bank's deposit facility rate is decreased at any point between August 20 and December 31, 2025 ET. Otherwise, this market will resolve to “No”.

This market may not resolve to "No" until December 31, 2025, 11:59 PM ET has passed.

The primary resolution source for this market will be the official website of the European Central Bank (https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html), however a consensus of credible reporting may also be used.

ECB rate cut in 2025?

This market will resolve to “Yes” if the upper bound of the Bank of England's Bank Rate is decreased at any point between August 20 and December 31, 2025 ET. Otherwise, this market will resolve to “No”.

This market may not resolve to "No" until December 31, 2025, 11:59 PM ET has passed.

The primary resolution source for this market will be the official website of the Bank of England (https://www.bankofengland.co.uk/), however a consensus of credible reporting may also be used.

Bank of England rate cut in 2025?

The FED interest rates are defined in this market by the lower or 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 to “Yes” if the lower or the upper bound of the target federal funds rate reaches the specified level at any point by December 31, 2026, 12:59 PM ET. Otherwise, this market will resolve to “No.”

Emergency rate cuts and hikes outside the regularly scheduled meetings will be considered.

The resolution source for this market is the official website of the Federal Reserve at:
https://www.federalreserve.gov/monetarypolicy/openmarket.htm.

This market may resolve as soon as the relevant data showing the reached level is published.

Will the Fed’s lower bound reach 3.25% or lower before 2027?

This market will resolve to “Yes” if, between the Republican Party and the Democratic Party, the Republican Party becomes the favorite in the "Which party will win the House in 2026?" market (https://polymarket.com/event/which-party-will-win-the-house-in-2026?tid=1764045739181) for any four-hour period ending by March 31, 2026, 11:59 PM ET or earlier. Otherwise, this market will resolve to “No”.

The Republican Party will be considered to have become the favorite for any four-hour period if it is ahead of the Democratic Party in more individual minutes than the Democratic Party is ahead of the Republican Party during a qualifying time period.

A tie in the number of minutes will not qualify.

The resolution source will be the underlying minute-level price data for the “Which party will win the House in 2026?” market, which can be viewed using the bar chart on https://derivative.polymarket.com/index/will-the-republicans-flip-the-democrats-for-the-2026-us-house-elections-by or through the “Resolution” tab with the time set to show the four-hour window. Both interfaces display the same underlying data.

Note: This market will resolve according to the price scoring methodology of derivative.polymarket.com.

2026 U.S. House election: Republicans flip the Democrats by March 31?

This market will resolve to “Yes” if the Trump administration announces a new nominee for Chair of the Federal Reserve by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”.

An announcement within this market’s timeframe from Donald Trump or the Trump administration stating their intent to nominate a specific individual for Chair of the Federal Reserve will suffice to resolve this market, regardless of whether a formal nomination actually occurs. 

Qualifying announcements must explicitly present the relevant individual as the nominee or future nominee for Chair of the Federal Reserve. Announcements of acting or interim appointments, or announcements which merely reveal potential candidates, will not qualify. Media reports, speculation, or other unofficial information will not qualify.

A formal presidential nomination of an individual to be Chair of the Federal Reserve, made before the listed date, 11:59 PM ET, will immediately resolve this market to “Yes”. Formal nominations are defined as the submission of a nomination message to the U.S. Senate.

The resolution sources for this market will be official announcements from Donald Trump or the Trump administration and official information from the U.S. Senate.

Will Donald Trump announce a new nominee for Chair of the Federal Reserve by June 30, 2026?

This market will resolve based on the next earnings announcement of FedEx currently scheduled to take place on December 18, 2025 at 4:30 PM EST.

This market will resolve to "Yes" if the listed term is mentioned by anyone during this event. Otherwise, the market will resolve to "No".

Any usage of the term, regardless of context, will count toward the resolution of this market.

Pluralization/possessive of the term will count toward the resolution of this market; however, other forms will NOT count.

Instances where the term is used in a compound word will count regardless of context (e.g. joyful is not a compound word for "joy," however "killjoy" is a compounding of the words "kill" and "joy").

If this market requires a specified number of mentions of a person’s first or last name, a full-name mention will count as one mention (e.g., if a market is about “Joe / Biden 5+ times,” a mention of “Joe Biden” will count once).

A Q&A event will count toward the resolution of this market.

If this event is definitely cancelled, or otherwise is not aired by December 31, 2025, 11:59 PM ET, this market will resolve to "No".

The resolution source will be audio of the event.

Will FedEx say "E-commerce / Ecommerce" during earnings call?

This market will resolve to “Yes” if, between the Democratic Party and the Republican Party, the Democratic Party becomes the favorite in the "Which party will win the Senate in 2026?" market (https://polymarket.com/event/which-party-will-win-the-senate-in-2026?tid=1764796601244) for any four-hour period ending by March 31, 2026, 11:59 PM ET or earlier. Otherwise, this market will resolve to “No”.

The Democratic Party will be considered to have become the favorite for any four-hour period if it is ahead of the Republican Party in more individual minutes than the Republican Party is ahead of the Democratic Party during a qualifying time period.

A tie in the number of minutes will not qualify.

The resolution source will be the underlying minute-level price data for the “Which party will win the Senate in 2026?” market, which can be viewed using the bar chart on https://derivative.polymarket.com/index/2026-us-senate-election-democrats-flip-republicans-by or through the “Resolution” tab with the time set to show the four-hour window. Both interfaces display the same underlying data.

Note: This market will resolve according to the price scoring methodology of derivative.polymarket.com.

2026 U.S. Senate Election: Democrats flip Republicans by March 31?

This market will resolve to "Yes" if both of the following conditions prove true at any point in 2025:

1) The "US recession in 2025?" market resolves to "Yes" (https://polymarket.com/event/us-recession-in-2025).

2) The Consumer Price Index (CPI) increases by 5.0% or more over the 12 month period ending in any month between April 2025 and December 2025 according to the US Bureau of Labor Statistics (https://www.bls.gov/bls/news-release/cpi.htm#current)

Otherwise, this market will resolve to "No".

This market will not resolve until all relevant figures are reported for the period of time encompassing December 2025.

The resolution sources for this market will be the NBER, BEA (https://www.bea.gov/data/gdp/gross-domestic-product), and BLS (https://www.bls.gov/bls/news-release/cpi.htm#current), as well as the "US recession in 2025?" market on Polymarket.

US stagflation in 2025?

This market will resolve to "Yes" if the Treasury 10-year yield is lower than the listed value for any date between February 24 and December 31, 2025. Otherwise this market will resolve to "No".

The resolution source for this market is the Department of the treasury, specially the data listed under "Daily Treasury Par Yield Curve Rates" for the column "10 Yr" (see: https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2025).


Will the 10-year Treasury yield dip below 3.9% in 2025?

Jerome Powell is currently scheduled to give an FOMC Introductory Statement and press conference on January 28, 2026, at 2:30 PM ET. This market pertains to his Introductory Statement as well as the following Q&A session.

This market will resolve to "Yes" if Powell says the listed term during the FOMC Press Conference. Otherwise, this market will resolve to "No".

Any usage of the word regardless of context will count toward the resolution of this market.

Pluralization/possessive of the word will count toward the resolution of this market, however other forms will NOT count.

Instances where the term is used in a compound word will count regardless of context (e.g. joyful is not a compound word for "joy," however "killjoy" is a compounding of the words "kill" and "joy").

If no such statement happens by January 28, 2026, 11:59 PM ET, this market will resolve to "No".

The resolution source will be video and transcripts of the FOMC Press conference.

Will Powell say "Good afternoon" during January press conference?

This market will resolve to "Yes" if the Treasury 10-year yield reaches or is higher than the listed value for any date between December 9, 2025 and March 31, 2026. Otherwise this market will resolve to "No".

The resolution source for this market is the Department of the Treasury, specially the data listed under "Daily Treasury Par Yield Curve Rates" for the column "10 Yr" (see: https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2025).

Will the 10-year treasury yield hit 4.4% by March 31?

This market will resolve to "Yes" if the United States federal government formally charges or announces a criminal indictment of Jerome Powell by December 31, 2025 ET. Otherwise, this market will resolve to "No".

For the purposes of this market the District of Columbia and any county, municipality, or other subdivision of a State shall be included within the definition of a State.

The primary resolution source for this market will be official information from US governmental sources, however a wide consensus of credible reporting will also be used.

Jerome Powell federally charged in 2025?

This market will resolve to "Yes" if the 30-Year Fixed Rate Mortgage Average in the United States falls below 6.00% at any point between September 2 and December 31, 2025. Otherwise, this market will resolve to "No".

If, for any reason, there is no data point for this market's resolution date on either of the sources listed below, information for the nearest previously available date will be used.

The primary resolution source for this market is Freddie Mac, specifically https://www.freddiemac.com/pmms. The data that will be looked at is the "30Y FRM" as indicated on the graph titled "Primary Mortgage Market Survey®". If the resolution source is unavailable, https://fred.stlouisfed.org/series/MORTGAGE30US will be looked at instead. If both sources are unavailable, other credible reporting may be used.

30-year mortgage rate below 6% by December 31?

Trump's Treasury Secretary pick Scott Bessent has floated the idea of Trump naming a successor to Jerome Powell to serve as a "shadow chair", prior to the end of Powell's term, scheduled for May 2026. (see: https://www.nbcwashington.com/news/business/money-report/fed-chair-jerome-powell-can-serve-remainder-of-term-says-trumps-treasury-pick-bessent/3788991/).

This market will resolve to according the individual Donald Trump announces as his pick for the next Federal Reserve Chair. If Donald Trump does not announce his pick for the next Federal Reserve Chair by December 31, 2025, 11:59 PM ET, this market will resolve to "No announcement by December 31".  

The resolution source for this market will be official information form Donald Trump or one of his official representatives, however a consensus of credible reporting may also be used.

Will Trump refrain from announcing a next Fed Chair in 2025?

This market will resolve to “Up” if the first official NYSE closing price for FactSet Research Systems (FDS) after the next earnings release is higher than the official NYSE closing price for FDS prior to the earnings release.

This market will resolve to “Down” if the official NYSE closing price for FactSet Research Systems (FDS) after the next earnings release is lower than the official NYSE closing price for FDS prior to the earnings release.

This market resolves based on the exact timing of the company’s first public release of earnings figures, regardless of whether they appear in a press release, earnings call, SEC filing, or similar. If the earnings figures are released before the close of regular trading hours, the same day’s closing price will be compared to the most recent prior closing price. If the numbers are released after the market has closed, the following day’s closing price will be compared to the most recent prior closing price.

The ‘most recent prior closing price’ always refers to the latest regular session close preceding the earnings release. Only official closing prices from regular trading days will be used.

If the two specified closing prices are exactly equal, this market will resolve 50-50. Note that all figures will be rounded to the nearest cent using standard rounding.

If FDS does not trade at all during the specified regular session, or if the company does not release earnings within 60 calendar days of this market's creation, this market will resolve 50-50.

If either of the relevant days is shortened (for example, due to a market holiday), the official closing price published by the NYSE for that shortened session will still be used for resolution.

If either of the relevant days has no official closing price (for example, due to a trading halt into the market close, system issue, delisting, or other disruption), the market will use the last valid on-exchange trade price of the regular session as the effective closing price.

The resolution source for this market is the NYSE Historic Prices page (nyse.com), specifically the Close values for FDS.

Fed Derivative: "No Change" flips "25bps cut" by December 9?

Market Context

Fed Derivative: "No Change" flips "25bps cut" by December 9?

Rules

Fed Derivative: "No Change" flips "25bps cut" by December 9?

Market Context

Fed Derivative: "No Change" flips "25bps cut" by December 9?

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