Name: Fed Interest Rates: July 2024
Start: 2024-06-12T19:31:20.797825Z
End: 2024-07-31T12:00:00Z

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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 fund range are made by the Federal Open Market Committee (FOMC) meetings.

This market will resolve to “Yes” if following the Federal Reserve's July 2024 meeting the upper bound of the target federal funds rate is decreased by 50 or more basis points below the level it was prior to the meeting. Otherwise, it will resolve to “No.”

The resolution source for this market is the FOMC’s statement after its meeting scheduled for July 30 - July 31, 2024 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 July meeting with relevant data is issued. If no statement is released by September 17, 2024, 11:59 PM ET, this market will resolve to the "No change" bracket.

50+ bps decrease

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 fund range are made by the Federal Open Market Committee (FOMC) meetings.

This market will resolve to “Yes” if following the Federal Reserve's July 2024 meeting the upper bound of the target federal funds rate is decreased by exactly 25 basis points below the level it was prior to the meeting. Otherwise, it will resolve to “No.”

The resolution source for this market is the FOMC’s statement after its meeting scheduled for July 30 - July 31, 2024 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 July meeting with relevant data is issued. If no statement is released by September 17, 2024, 11:59 PM ET, this market will resolve to the "No change" bracket.

25 bps decrease

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 fund range are made by the Federal Open Market Committee (FOMC) meetings.

This market will resolve to “Yes” if following the Federal Reserve's July 2024 meeting the upper bound of the target federal funds rate is exactly the same as the level it was prior to the meeting (namely it increased 0 bps). Otherwise, it will resolve to “No.”

The resolution source for this market is the FOMC’s statement after its meeting scheduled for July 30 - July 31, 2024 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 July meeting with relevant data is issued. If no statement is released by September 17, 2024, 11:59 PM ET, this market will resolve to the "No change" bracket.

No Change

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 fund range are made by the Federal Open Market Committee (FOMC) meetings.

This market will resolve to “Yes” if following the Federal Reserve's July 2024 meeting the upper bound of the target federal funds rate is increased by 25 or more basis points below the level it was prior to the meeting. Otherwise, it will resolve to “No.”

The resolution source for this market is the FOMC’s statement after its meeting scheduled for July 30 - July 31, 2024 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 July meeting with relevant data is issued. If no statement is released by September 17, 2024, 11:59 PM ET, this market will resolve to the "No change" bracket.

25+ bps increase

FOMC

Fed Interest Rates: July 2024

This is a market group on how the U.S. Federal Reserve will set the upper bound of the target federal funds rate after their monthly meetings.

Fed Interest Rates: May 2023

Market group on Fed Interest rates in May 2022

Fed Interest Rates May 2022

Fed Interest Rates June 2022

Fed Interest Rates July 2022

Fed Interest Rates March 2022

Fed Interest Rates September 2022

Fed Interest Rates November 2022

Fed Interest Rates December 2022

Fed Interest Rates February 2023

Fed Interest Rates March 2023

Fed Interest Rates: June 2023

Fed Interest Rates: July 2023

Market Group on September Fed interest rates.

Fed Interest Rates: September 2023

Fed Interest Rates: November 2023

Market Group on December Fed interest rates.

Fed Interest Rates: December 2023

Fed Interest Rates: January 2024

Fed Interest Rates: March 2024

Fed Interest Rates: June 2024

This is a market on the prediction of Federal Reserve interest rate changes in September 2024.

Fed Interest Rates: September 2024

This is a market on the anticipated Federal Reserve interest rate decision for November 2024.

Fed Interest Rates: November 2024

This is a market on the anticipated Federal Reserve interest rate decision for December 2024.

Fed decision in December?

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 fund 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 May 2025 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 May 6 - 7, 2025 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 May 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.

Fed decision in May?

This is a market on predictions for the Federal Reserve's interest rates in March 2025. 

Fed decision in March?

This is a market on predictions for the Federal Reserve's interest rates in January 2025. 

Fed decision in January?

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 fund 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 2025 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 17 - 18, 2025 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.

Fed decision in June?

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 fund 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 July 2025 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 July 29 - 30, 2025 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 July 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.


Fed decision in July?

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 fund 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 September 2025 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 September 16 - 17, 2025 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 September 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.


Fed decision in September?

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 fund 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 October 2025 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 October 28 - 29, 2025 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 October 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.


Fed decision in October?

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 fund 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 December 2025 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 December 9 - 10, 2025 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 December 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 fund 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 January 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 January 27 - 28, 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 January 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 fund 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 March 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 March 17 - 18, 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 March 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 fund 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 April 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 April 28-29, 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 April 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.

Fed decision in April?

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 fund range are made by the Federal Open Market Committee (FOMC) meetings.

This market will resolve to “Yes” if the there are exactly 3 cuts of 25 basis points by the Fed's December meeting (including any cuts made during Dec meeting). Otherwise, this market will resolve to “No.”

This market may resolve to "Yes" immediately after the statement from the Fed's December 2025 meeting has been released if there has been exactly 3 rate cuts by then.

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

For example, if the FED cuts rates by 50 bps after a meeting, it would be considered 2 cuts (of 25 bps each). If there are 4 or more rate cuts at any point before this market's resolution date, this market will resolve to "No".

The resolution source for this market will be FOMC statements after meetings scheduled in 2025 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 2025?

The next Federal Open Market Committee (FOMC) meeting is scheduled for December 9–10, 2025. The policy decision will be announced at 2:00 PM Eastern Time on December 10, followed by the Fed Chair’s press conference at around 2:30 PM ET.

This market will resolve according to both the number of dissenting votes recorded at the next Federal Reserve Open Market Committee monetary policy meeting, specifically those dissenting on the Fed Funds Rate decision, and the amount of basis points the upper bound of the target federal funds rate is changed by versus the level prior to the meeting.

The resolution source for this market is the FOMC’s statement after its meeting scheduled for December 9–10, 2025, according to the official calendar: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm.

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 fund range are made by the Federal Open Market Committee (FOMC) meetings.

If the FOMC changes the upper bound of the target federal funds rate by an amount that is within 12.5 basis points of either “No change” or a “25bp cut,” the change will be rounded to the corresponding listed bracket (e.g., a 12.5-bp change is rounded to a 25-bp cut).

If any change is announced that is not listed, including any non-standard increment that cannot be rounded to a listed bracket under the rule above, this market will resolve to “Other.”

The level and change of the target federal funds rate are 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 the December 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.

This market will resolve to the combined outcome corresponding to both the rate decision (No change / 25bp cut / Other) and the number of dissents (≤2 / >2) as expressed in the displayed strike options.

Will the December 2025 FOMC decision result in a 25bp cut with >2 dissents?

This market will resolve to “Yes” if the upper bound of the target federal funds rate is increased at any point between January 1, 2025 and the Fed's December 2025 meeting, currently scheduled for December 9-10. Otherwise, this market will resolve to “No”.

This market may not resolve to "No" until the Fed has released its rate changes information 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 2025?

This market will resolve to “No” if any of the following conditions are met between September 23, 2025, and December 31, 2025, 11:59 PM ET:

- Fed cuts twice
- Trump announces someone as next Fed Chair
- Powell says “Trump” during October Press Conference
- Lisa Cook is out as Fed Governor

Otherwise, this market will resolve to “Yes”.

The full rules for this market can be found here:
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Nothing Ever Happens:  Jerome Powell Edition

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 3.5% or lower before 2027?

This market will resolve to “Yes” if the “Yes” option for '25 bps decrease' in the "Fed decision in January?" market  (https://polymarket.com/event/fed-decision-in-january?tid=1764799281194) is priced over the listed value between 2:00 PM ET and 5:59 PM ET on Wednesday, December 10, 2025. Otherwise, this market will resolve to “No”.

A tie in the number of minutes will resolve to "No".

The resolution source will be the underlying minute-level price data for '25 bps decrease' in the “Fed decision in January?” market, which can be viewed using the bar chart on https://derivative.polymarket.com/index/fed-derivative-jan-25bps-cut-over-20-on-december-10-2 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.

Fed Derivative: Jan "25bps cut" over 20% on December 10?

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, 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 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 Jerome Powell serves any time in custody in a federal, state, or local U.S. jail or prison between July 22 (inclusive) and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be official information from the U.S. Government, however a consensus of credible reporting may also be used.

Jerome Powell in jail 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?

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?

The CDC reported a general fertility rate of 53.7 births per 1,000 women aged 15–44 for Q2 2025 (see: https://www.cdc.gov/nchs/nvss/vsrr/natality-dashboard.htm). 

This market will resolve to "Yes" if the initial reported rate for Q3 2025 exceeds 53.7, according to the CDC's Vital Statistics Rapid Release series. Otherwise, this market will resolve to "No". 

If the CDC does not release general fertility rate data for Q3 2025 by March 31, 2026, 11:59 PM ET, this market will resolve to "No".

Resolution will be based on the first published estimate for Q3 2025, regardless of any subsequent revisions.

The resolution source will be the CDC’s Vital Statistics Rapid Release.

US fertility rate up in Q3 2025?

This market will resolve according to the next individual Donald Trump, as President of the United States, formally nominates to be Chair of the Federal Reserve by December 31, 2026, 11:59 PM ET. 

Formal nominations are defined as the submission of a nomination message to the U.S. Senate.

Acting or interim appointments will not count unless the individual is formally nominated to be Chair of the Federal Reserve by submission of a nomination message to the U.S. Senate.

The primary resolution source for this market will be official information from the U.S. Senate (see: https://www.senate.gov/legislative/nominations_new.htm), however a consensus of credible reporting may also be used.

Will Trump nominate Kevin Hassett as the next Fed chair?

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 Consumer Price Index (CPI) increased by 3.1 percent or more over the 12 month period ending with any month in 2025 according to the monthly Bureau of Labor Statistics (BLS) reports. Otherwise, this market will resolve to "No".

The resolution source for this market will be the BLS Consumer Price Index reports released for each month of 2025 (https://www.bls.gov/bls/news-release/cpi.htm). Resolution of this market will take place upon release of the aforementioned data.

This market may not resolve to "No" until the December 2025 report is issued. Once the December 2025 report is issued, any revisions to previously released CPI figures will not be counted toward this market's resolution. If the CPI report for December 2025 is not issued by January 31, 2026, 11:59 PM ET, this market will resolve based on CPI figures which have already been made available by the BLS.

Note: the resolution source for this market will be the official monthly BLS CPI news release which reports inflation over 12 month periods to only one decimal point (e.g. 2.9%). Thus, this is the level of precision that will be used when resolving the market.

Will inflation reach more than 3% in 2025?

This market will resolve to “No change” if, between "No change" and "25 bps decrease," "No change" is the favorite in the Fed decision in January? market (https://polymarket.com/event/fed-decision-in-january?tid=1764799281194) during the specified period.

This market will resolve to “25 bps cut" if, between "No change" and "25 bps decrease," "25 bps decrease" is the favorite during that period.

The favorite will be determined by examining the four-hour window between 2 PM and 6 PM on December 10, 2025.

This market will resolve to whichever of  "No change" or "25 bps decrease" is ahead in more individual minutes during this window.

A tie in the number of minutes will resolve to "50-50".

If the underlying market resolves prior to this market, this market will immediately resolve in accordance with the underlying market’s final outcome. If a listed option resolves “Yes,” this market will resolve immediately in favor of the corresponding market. Accordingly, if a listed option resolves “No,” this market will resolve in favor of the other option. If both options simultaneously resolve in the same direction, such as in the case of a negrisk market in which another option resolves “Yes”, this market will resolve 50-50. 

The resolution source will be the underlying minute-level price data for the “Fed decision in January?” market, which can be viewed using the bar chart on https://derivative.polymarket.com/index/no-change-or-25-bps-decrease-favored-for-fed-decision-in-january-on-december-10-2 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.

'No change' or '25 bps cut' favored for Fed decision in January on December 10?

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?

This market will resolve to "Yes" if Larry Summers serves any time in a federal, state, or local U.S. jail or prison between November 18, 2025 and December 31, 2025 11:59PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be official information from the U.S. Government, however a consensus of credible reporting may also be used.

Larry Summers in jail before 2026?

Jerome Powell is currently scheduled to give an FOMC Introductory Statement and press conference on December 10, 2025, 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 December 10, 2025, 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 December press conference?

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 to “Yes”, if either of the following conditions are met:

1.  The National Bureau of Economic Research (NBER) publicly announces that a recession has occurred in the United States, at any point in 2025, with the announcement made by December 31, 2025, 11:59 PM ET.

2.  The seasonally adjusted annualized percent change in quarterly U.S. real GDP from the previous quarter is less than 0.0 for two consecutive quarters between Q4 2024 and Q4 2025 (inclusive), as reported by the Bureau of Economic Analysis (BEA). 

Otherwise, this market will resolve to "No". 

Note that advance estimates will be considered. For example, if upon release, the advance estimate for Q2 2025 was negative, and the Q1 2025's most recent, up-to-date estimate was also negative, this market would resolve to "Yes". If on December 31, 2025 the latest estimate for quarterly GDP in Q3 2025 was negative, this market will stay open until the Advance estimate of Q4 2025 is published, at which point it will resolve to "Yes" if Q4 2025 was negative or if the NBER declares a recession by then.

The resolution source will be the official announcements from the NBER and the BEA’s estimate of seasonally adjusted annualized percent change in quarterly US real GDP from previous quarters as released by the Bureau of Economic Analysis (BEA), https://www.bea.gov/data/gdp/gross-domestic-product

US recession in 2025?

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).

Fed Interest Rates: July 2024

50+ bps decrease
$637,520 Vol.
No

25 bps decrease
$884,828 Vol.
No

No Change
$517,320 Vol.
Yes

25+ bps increase
$752,276 Vol.
No

Market Context

Fed Interest Rates: July 2024

Rules

Fed Interest Rates: July 2024

Market Context

Fed Interest Rates: July 2024

About

Related

Fed Interest Rates: July 2024

50+ bps decrease$637,520 Vol.Nocircle xmark

25 bps decrease$884,828 Vol.Nocircle xmark

No Change$517,320 Vol.Yescircle check

25+ bps increase$752,276 Vol.Nocircle xmark

Market Context

Fed Interest Rates: July 2024

Rules

Fed Interest Rates: July 2024

Market Context

Fed Interest Rates: July 2024

About

Related

50+ bps decrease
$637,520 Vol.
No

25 bps decrease
$884,828 Vol.
No

No Change
$517,320 Vol.
Yes

25+ bps increase
$752,276 Vol.
No