Market question: No change in Fed interest rates after 2024 September meeting?
Category: Politics
Tags: Breaking News, Business, Economy, Fed Rates, 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 following the Federal Reserve's September 2024 meeting the upper bound of the target federal funds rate is exactly the same as the level it was prior to the meeting (namely it increased 0 bps). Otherwise, it will resolve to “No.”

The resolution source for this market is the FOMC’s statement after its meeting scheduled for September 17 - 18, 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 September meeting with relevant data is issued. If no statement is released by November 6, 2024, 11:59 PM ET, this market will resolve to the "No change" bracket.

Outcome: No