Fed funds rate·closes in 4mo

Will the upper bound of the federal funds rate be above 3.25% following the Fed's Jan 27, 2027 meeting?

YES means Above 3.25%

24h volume
0
13.2k lifetime
Open interest
2,863
−140 over 7d
Spread
88 × 111 at the touch
24h range
50 recent trades
Chance of YES
90%

A YES contract costs 96¢ and pays $1 if it happens.

NO
10%

costs 11¢

YES bid / ask
89¢ / 96¢
NO bid / ask
/ 11¢
Recent buying33% YES · 67% NO
What Galdor thinks

An independent read of this market

1Reads the rules literallySettlement source, close time, and the edge cases that flip an outcome.
2Checks the tape and the webOrder book, flow, price history, then targeted searches with sources.
3Gives a straight answerA probability with a band, and one of four calls: YES, NO, wait, or stay out.

Generated by an AI analyst from live exchange data and public web sources. Research and analytics, not investment advice. Markets can move after this was written.

Price history

YES price per candle with the bid/ask band, volume underneath. Times in UTC.

80¢85¢90¢95¢100¢volSep 14Sep 21

Order book

Resting orders, both sides shown as YES prices. Bars are size.

Yes ask (no bid)SizeYes
  • ask50098¢
  • ask35097¢
  • ask11196¢
spreadmid 93¢
  • bid8889¢
  • bid80088¢
  • bid5087¢
  • bid5.9185¢
  • bid7284¢
  • bid8.0783¢
  • bid20082¢
  • bid13365¢
Yes bid (no ask)SizeYes

How this market resolves

Verbatim from Kalshi. Read this before the price.

If the upper bound of the target federal funds rate published on the Federal Reserve's official website is greater than 3.25% following the Federal Reserve's Jan 27, 2027 meeting, then the market resolves to Yes.

This market will expire the first 2:05 PM ET following the release of a Federal Reserve statement for their Jan 27, 2027 meeting or one week following the last day of that meeting.

opened
Oct 6, 2025 · 2:00 PM UTC
closes
Jan 27, 2027 · 6:55 PM UTC · may close early
settles by
Jan 27, 2027 · 7:05 PM UTC
floor
3.25
ticker
KXFED-27JAN-T3.25
Trade it on kalshi.com

Other outcomes in this event

Outcomes in this event settle independently.

Recent trades

Over the last 50 trades, 33% of contracts were bought on the YES side.

WhenYESContractsSide
4d ago90¢13bought yes
4d ago86¢13bought no
5d ago85¢11bought no
5d ago84¢128bought no
5d ago85¢75bought no
5d ago86¢200bought no
5d ago87¢2bought no
6d ago94¢6.26bought yes
6d ago95¢53bought yes
6d ago94¢2bought yes
9d ago93¢8bought yes
9d ago83¢1bought no
9d ago83¢1bought no
9d ago83¢1bought no
9d ago83¢1bought no

Prices are YES cost in cents and approximate the market’s implied probability. Data is read live from the Kalshi Trade API on every page load. galdor.xyz places no orders and holds no positions. Research and analytics, not investment advice.