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Number of rate cuts·closes in 2mo

Will the Fed cut rates 2 times?

YES means Exactly 2 cuts

24h volume
236
1.02M lifetime
Open interest
461.1k
Spread
0¢
2,017 × 40 at the touch
24h range
–
50 recent trades
Chance of YES
1%+0

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

NO
100%

costs 100¢

YES bid / ask
0¢ / 1¢
NO bid / ask
100¢ / 100¢
Recent buying78% YES · 22% 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.

24h7d30d90d
Not enough history to chart.

Order book

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

Yes ask (no bid)SizeYes
  • ask971¢
  • ask751¢
  • ask1,5571¢
  • ask401¢
  • ask17.5k1¢
  • ask1211¢
  • ask1,0031¢
  • ask401¢
spread0¢mid 0¢
  • bid2,0170¢
  • bid5,0190¢
Yes bid (no ask)SizeYes

How this market resolves

Verbatim from Kalshi. Read this before the price.

If the Fed cuts 2 times starting Jan 1, 2026 and before 2027, then the market resolves to Yes.

To be clear, 25bp of cuts is equal to one cut (so 25bp cut is 1, 50bp cut is 2, 75bp cut is 3, and so on).

Settlement sources
opened
Sep 29, 2025 · 2:00 PM UTC
closes
Jan 1, 2027 · 4:59 AM UTC · may close early
settles by
Dec 31 · 3:00 PM UTC
floor
2
cap
2
ticker
KXRATECUTCOUNT-26DEC31-T2
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 50 trades, 78% of contracts were bought on the YES side.

WhenYESContractsSide
11h ago1¢1bought yes
11h ago0¢30bought no
21h ago1¢1bought yes
22h ago0¢85bought no
24h ago1¢119bought yes
1d ago0¢180bought no
1d ago0¢5bought no
1d ago0¢0.46bought no
1d ago0¢14bought no
1d ago0¢15bought no
2d ago1¢9.84bought yes
2d ago1¢10bought yes
2d ago0¢24bought no
2d ago0¢15bought no
2d ago0¢6.15bought 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.