Fed meeting·closes in 16mo

Will the Federal Reserve Hike rates by >25bps at their January 2028 meeting?

YES means Hike >25bps

24h volume
20
2,084 lifetime
Open interest
863
−8 over 24h
Spread
15¢
101 × 9 at the touch
24h range
4¢ – 9¢
30 recent trades
Chance of YES
4%5

A YES contract costs 18¢ and pays $1 if it happens.

NO
96%

costs 97¢

YES bid / ask
/ 18¢
NO bid / ask
82¢ / 97¢
24h low 24h high
Recent buying43% YES · 57% 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¢15¢20¢volSep 20, 9:06 AMSep 20, 3:53 PM

Order book

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

Order book unavailable.

How this market resolves

Verbatim from Kalshi. Read this before the price.

If the Federal Reserve does a Hike of >25bps on January 26, 2028, 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
Oct 6, 2025 · 2:00 PM UTC
closes
Jan 26, 2028 · 6:59 PM UTC · may close early
settles by
Jan 26, 2028 · 7:05 PM UTC
ticker
KXFEDDECISION-28JAN-H26
Trade it on kalshi.com

This event

Outcomes in this event settle independently.

This is the only market in its event.

Recent trades

Over the last 30 trades, 43% of contracts were bought on the YES side.

WhenYESContractsSide
10h ago1bought no
10h ago12bought no
10h ago1bought no
10h ago1bought no
10h ago1bought no
10h ago1bought no
10h ago3bought no
3d ago1bought no
3d ago18¢1bought yes
7d ago1bought no
20d ago20¢3bought yes
20d ago20¢2bought yes
20d ago20¢10bought yes
21d ago2bought yes
21d ago2bought 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.