Will the Federal Reserve Cut rates by 25bps at their July 2027 meeting?

Cut 25bpsactivebinarycustom

Public page Open on kalshi.com

Yes bid / ask

7¢ / 8¢

spread 1¢

Last trade

4¢

–

No bid / ask

92¢ / 93¢

24h volume

0

10.6k lifetime

Open interest

2,754

top of book 443 × 32

Closes

in 10mo

Jul 28, 2027 · 5:59 PM UTC

YES price

Close per candle with bid/ask band; volume below. Times in UTC.

24h · 1m 7d · 1h 30d · 1h 90d · 1d

Order book

Top of book, both sides expressed as YES prices.

Order book unavailable.

Resolution rules

Verbatim from the venue. The analyst must quote these, never paraphrase.

If the Federal Reserve does a Cut of 25bps on July 28, 2027, then the market resolves to Yes.

This market is mutually exclusive. Therefore, if the Federal Reserve hikes by 50bps, the 50bps market will resolve to Yes and the 25bps market will resolve to No. Only one bucket, at maximum, can resolve to Yes. Note 4/28/25: For the markets beginning after the May meeting, if a scheduled FOMC meeting is canceled and does not occur on its scheduled date, then the strike for "Fed maintains rate" will resolve to Yes and all others will resolve to No.

opens: Oct 6, 2025 · 2:00 PM UTC
closes: Jul 28, 2027 · 5:59 PM UTC · may close early
expires: Jul 28, 2027 · 6:05 PM UTC

Recent trades

Most recent first. Price is the YES side.

No trades yet.

Raw payload

Exactly what the API returned for this market.

Show JSON

market41

can_close_earlytrue

close_time2027-07-28T17:59:00Z

created_time2025-10-02T21:52:15.812881Z

custom_strike1

Cut

25

event_tickerKXFEDDECISION-27JUL

exchange_index0

expected_expiration_time2027-07-28T18:05:00Z

expiration_time2027-10-27T18:01:00Z

expiration_value

last_price_dollars0.0400

latest_expiration_time2027-10-27T18:01:00Z

liquidity_dollars0.0000

market_typebinary

no_ask_dollars0.9300

no_bid_dollars0.9200

no_sub_titleCut 25bps

notional_value_dollars1.0000

open_interest_fp2754.44

open_time2025-10-06T14:00:00Z

previous_price_dollars0.0400

previous_yes_ask_dollars0.0800

previous_yes_bid_dollars0.0700

price_level_structurelinear_cent

price_ranges1

[0]3

end1.0000

start0.0000

step0.0100

result

rules_primaryIf the Federal Reserve does a Cut of 25bps on July 28, 2027, then the market resolves to Yes.

rules_secondaryThis market is mutually exclusive. Therefore, if the Federal Reserve hikes by 50bps, the 50bps market will resolve to Yes and the 25bps market will resolve to No. Only one bucket, at maximum, can resolve to Yes. Note 4/28/25: For the markets beginning after the May meeting, if a scheduled FOMC meeting is canceled and does not occur on its scheduled date, then the strike for "Fed maintains rate" will resolve to Yes and all others will resolve to No.

settlement_timer_seconds297