"And actually, you know, since we’re probably going to—we’re having real rates that are going to have to be meaningfully positive, and significantly so, for us to get inflation down, that probably means—that certainly means that it will be appropriate to cut rates at such time as inflation is coming down really significantly. And, again, we’re talking about a couple years out, I think." - Federal Reserve Chair Jerome Powell
If this prediction of Chair Powell holds true and the FOMC doesn't cut rates until the end of May 2025, this market resolves to NO. Otherwise, it resolves to YES.
1,000
3.00@MP resolves YES
Rate cut by 0.5 percentage points on Sep 18
https://www.federalreserve.gov/newsevents/pressreleases/monetary20240918a.htm
@MP Since the description of the resolution criteria was changed after some trades were made, can I cancel my trade?
@BruceG yes, I can restore your mana. But I don't think there's a way that I recover the accounting loss
@MP So do I need to do anything to cancel or can I just make a request here that you cancel it and restore the mana on your end? (My understanding is that it is possible to resolve some markets as "Not Applicable", in which case I would assume trades get cancelled and the mana restored with no accounting loss, but that would cancel it for everyone.)