This market resolves based on the change in the upper bound of the target federal funds rate from its level immediately before the January 2027 FOMC meeting.

The outcome is determined by the net basis-point change announced in the official March FOMC statement.

If the Fed changes the rate by an amount not matching a displayed option, the change will be rounded up to the nearest 25 bps for resolution (e.g., a 12.5 bps move is treated as 25 bps).

Resolution Sources:

• The official FOMC statement for the FOMC meeting:

  https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm

• The Federal Reserve’s published target rate level and changes:

  https://www.federalreserve.gov/monetarypolicy/openmarket.htm

This market may resolve as soon as the March FOMC statement is released.

If no statement is issued by the end date of the next scheduled meeting, the market resolves “No change.”