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 March 2026, currently scheduled for March 17-18. Otherwise, this market will resolve to “No”.

If no March meeting takes place by April 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.