Will the upper bound of the target range for the federal funds rate in effect at 11:59 PM ET on December 31, 2031 be above 5.00%?

Above 5.00%activebinarygreater

Public page Open on kalshi.com

Yes bid / ask

11¢ / 58¢

spread 47¢

Last trade

29¢

–

No bid / ask

42¢ / 89¢

24h volume

0

990 lifetime

Open interest

251

top of book 5 × 100

Closes

in 64mo

Jan 1, 2032 · 4:59 AM 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.

Yes ask (no bid)SizeYes

ask1,89385¢

Resolution rules

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

If the upper bound of the target range for the federal funds rate in effect at 11:59 PM ET on December 31, 2031, as published on the Federal Reserve’s official website, is above 5.00%, then the market resolves to Yes.

If the Federal Reserve specifies a single target rate rather than a target range, that target rate will be used.

opens: Jul 29 · 6:00 PM UTC
closes: Jan 1, 2032 · 4:59 AM UTC · may close early
expires: Jan 8, 2032 · 6:30 AM UTC
floor: 5

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

market42

can_close_earlytrue

close_time2032-01-01T04:59:00Z

created_time2026-07-29T17:37:58.140486Z

early_close_conditionThis market will close and expire early if the economic data is released.

ask

6,003

80¢

ask979¢

ask1,98273¢

ask20072¢

ask4771¢

ask18959¢

ask10058¢

spread47¢mid 35¢

bid511¢
bid20010¢
bid3272¢
bid1001¢

Yes bid (no ask)SizeYes

event_ticker

KXFEDFUNDSYEAR-32JAN01

exchange_index0

expected_expiration_time2032-01-08T06:30:00Z

expiration_time2032-01-08T06:30:00Z

expiration_value

floor_strike5

last_price_dollars0.2900

latest_expiration_time2032-01-08T06:30:00Z

liquidity_dollars0.0000

market_typebinary

no_ask_dollars0.8900

no_bid_dollars0.4200

no_sub_titleAbove 5.00%

notional_value_dollars1.0000

occurrence_datetime2032-01-01T06:30:00Z

open_interest_fp251.00

open_time2026-07-29T18:00:00Z

previous_price_dollars0.2900

previous_yes_ask_dollars0.5800

previous_yes_bid_dollars0.1100

price_level_structurelinear_cent

price_ranges1

[0]3

end1.0000

start0.0000

step0.0100

result

rules_primaryIf the upper bound of the target range for the federal funds rate in effect at 11:59 PM ET on December 31, 2031, as published on the Federal Reserve’s official website, is above 5.00%, then the market resolves to Yes.

rules_secondaryIf the Federal Reserve specifies a single target rate rather than a target range, that target rate will be used.