Market question: Will the FED change rates to another level after Nov meeting?
Category: Politics
Tags: Fed Rates, Business, Politics

The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal fund range are made by the Federal Open Market Committee (FOMC) meetings.

This market will resolve to “Yes” if the FED changes rates to a level that is in between the other brackets in this market group, e.g. if they cut rates by 37.5 bps. Otherwise, this market will resolve to “No.”

The resolution source for this market is the FOMC’s statement after its meeting scheduled for November 6 - 7, 2024 according to the official calendar: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm.

The level and change of the target federal funds rate is also published at the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm.

This market may resolve as soon as the FOMC’s statement for their November meeting with relevant data is issued. If no statement is released by December 18, 2024, 11:59 PM ET, this market will resolve to the "No change" bracket.

Outcome: No