Fed meeting·closes in 4mo

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

YES means Cut 25bps

24h volume
0
13.7k lifetime
Open interest
10.7k
+0 over 24h
Spread
31 × 7,597 at the touch
24h range
50 recent trades
Chance of YES
4%

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

NO
96%

costs 96¢

YES bid / ask
/
NO bid / ask
92¢ / 96¢
Recent buying91% YES · 9% 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.

0¢5¢10¢volSep 20, 10:47 PMSep 21, 4:03 AM

Order book

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

Yes ask (no bid)SizeYes
  • ask2425¢
  • ask15015¢
  • ask30014¢
  • ask1,27813¢
  • ask22712¢
  • ask22411¢
  • ask110¢
  • ask7,597
spreadmid
  • bid31
  • bid293
  • bid787
  • bid53.0k
Yes bid (no ask)SizeYes

How this market resolves

Verbatim from Kalshi. Read this before the price.

If the Federal Reserve does a Cut of 25bps on January 27, 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.

Settlement sources
opened
Sep 29, 2025 · 2:00 PM UTC
closes
Jan 27, 2027 · 6:59 PM UTC · may close early
settles by
Jan 27, 2027 · 7:05 PM UTC
ticker
KXFEDDECISION-27JAN-C25
Trade it on kalshi.com

Other outcomes in this event

Mutually exclusive: YES prices should add to about $1.00 (they add to 101¢).

Recent trades

Over the last 50 trades, 91% of contracts were bought on the YES side.

WhenYESContractsSide
1d ago23bought yes
2d ago20bought no
3d ago643bought yes
3d ago250bought yes
3d ago0.18bought yes
3d ago11bought yes
3d ago336bought yes
3d ago100bought no
4d ago34bought no
4d ago12¢7.3bought yes
4d ago10¢10bought yes
4d ago10¢1.89bought no
4d ago10¢9bought no
4d ago15¢9.4bought yes
4d ago14¢100bought yes

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.