Fed funds rate at year end·closes in 16mo

Will the upper bound of the target range for the federal funds rate in effect at 11:59 PM ET on December 31, 2027 be above 5.25%?

YES means Above 5.25%

24h volume
0
1,288 lifetime
Open interest
931
Spread
10¢
100 × 400 at the touch
24h range
38 recent trades
Chance of YES
14%

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

NO
86%

costs 92¢

YES bid / ask
/ 18¢
NO bid / ask
82¢ / 92¢
Recent buying26% YES · 74% 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.

Not enough history to chart.

Order book

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

Yes ask (no bid)SizeYes
  • ask2,32260¢
  • ask3,10048¢
  • ask11.1k47¢
  • ask4746¢
  • ask10045¢
  • ask20034¢
  • ask10033¢
  • ask40018¢
spread10¢mid 13¢
  • bid100
  • bid250
  • bid5
  • bid51
  • bid425
Yes bid (no ask)SizeYes

How this market resolves

Verbatim from Kalshi. Read this before the price.

If the upper bound of the target range for the federal funds rate in effect at 11:59 PM ET on December 31, 2027, as published on the Federal Reserve’s official website, is above 5.25%, 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.

opened
Jul 29 · 6:00 PM UTC
closes
Jan 1, 2028 · 4:59 AM UTC · may close early
settles by
Jan 8, 2028 · 6:30 AM UTC
floor
5.25
ticker
KXFEDFUNDSYEAR-28JAN01-T5.25
Trade it on kalshi.com

Other outcomes in this event

Outcomes in this event settle independently.

Recent trades

Over the last 38 trades, 26% of contracts were bought on the YES side.

WhenYESContractsSide
3d ago14¢10bought yes
3d ago14¢150bought yes
3d ago13¢10bought yes
3d ago13¢63bought yes
4d ago10¢5bought yes
15d ago25bought no
15d ago13¢38bought no
15d ago75bought no
15d ago12¢68bought no
15d ago12¢44bought no
15d ago12¢9bought no
15d ago12¢2bought no
15d ago13¢44bought no
17d ago12¢1bought no
17d ago14¢91bought 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.