Fed funds rate at year end·closes in 64mo

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%?

YES means Above 5.00%

24h volume
0
990 lifetime
Open interest
251
+0 over 24h
Spread
47¢
5 × 100 at the touch
24h range
33 recent trades
Chance of YES
29%

A YES contract costs 58¢ and pays $1 if it happens.

NO
71%

costs 89¢

YES bid / ask
11¢ / 58¢
NO bid / ask
42¢ / 89¢
Recent buying51% YES · 49% 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.

25¢50¢volSep 20, 8:01 AMSep 20, 9:20 AM

Order book

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

Yes ask (no bid)SizeYes
  • ask1,78884¢
  • ask6,00380¢
  • ask979¢
  • ask1,98273¢
  • ask20072¢
  • ask4771¢
  • ask18959¢
  • ask10058¢
spread47¢mid 35¢
  • bid511¢
  • bid20010¢
  • bid329
  • bid100
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, 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.

opened
Jul 29 · 6:00 PM UTC
closes
Jan 1, 2032 · 4:59 AM UTC · may close early
settles by
Jan 8, 2032 · 6:30 AM UTC
floor
5
ticker
KXFEDFUNDSYEAR-32JAN01-T5.00
Trade it on kalshi.com

Other outcomes in this event

Outcomes in this event settle independently.

Recent trades

Over the last 33 trades, 51% of contracts were bought on the YES side.

WhenYESContractsSide
20d ago29¢4bought yes
22d ago27¢1bought yes
29d ago34¢50bought no
29d ago34¢50bought no
1mo ago33¢25bought yes
1mo ago35¢20bought yes
1mo ago35¢20bought no
1mo ago35¢112bought no
1mo ago35¢25bought no
1mo ago35¢10bought no
1mo ago35¢5bought no
1mo ago37¢100bought yes
1mo ago35¢10bought yes
1mo ago35¢172bought yes
1mo ago35¢15bought 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.