Will the Fed decide differently in the next three decisions (Mar–Apr–Jun) — 0% YES
The market is pricing in a near-certainty that the Fed will not make any "different" decisions in the next three FOMC meetings, with the 0% price reflecting a deep longshot (effectively 99.0-to-1 against). This conviction, however, is built on thin recent participation, with only $1,891 traded in the last 24 hours, suggesting the price could still be volatile despite the flat 24-hour movement. With resolution in just seven days, the window for any significant shift in this very unlikely outcome is rapidly closing. For a "Yes" resolution, the Fed's upper bound of the target federal funds rate would need to be lowered at any of the upcoming March, April, or June meetings.
The FED interest rates are defined in this market by the upper bound of the target federal funds rate. The decisions on the target federal funds rate are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve according to the decisions made by the next three Federal Open Market Committee (FOMC) meetings: March 17-18, 2026; April 28-29; and June 16-17. A qualifying cut occurs when the new upper bound of the target federal funds rate is lower compared to the level it was prior to the respective meeting. A qualifying hike occurs when the new upper bound of the target federal funds rate is higher compared to the level it was prior to the respective meeting. A qualifying pause occurs when the new upper bound of the target federal funds rate is equal to the level it was prior to the respective meeting. If the Fed publishes a different combination than any listed, this market will resolve to "Other". Any rate hike will be encompassed by "Other". Emergency rate cuts outside the regularly scheduled meetings will not be considered. The resolution source for this market is the FOMC’s statement after its meetings: 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: https://www.federalreserve.gov/monetarypolicy/openmarket.htm
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