Resolution Criteria: The market resolves to YES if the U.S. Federal Reserve lowers the federal funds rate to below 5% at any point before or on December 31, 2024. The federal funds rate is the benchmark interest rate for overnight bank lending.

Official Confirmation: The resolution will be based on statements from the U.S. Federal Reserve confirming the rate drop.

• NO Resolution: If the federal funds rate remains at 5% or higher through the end of 2024, the market will resolve to NO.