Market Description: This market predicts the upper bound of the Federal Funds Target Rate following the Federal Reserve's final FOMC meeting in December 2026.
Resolution Criteria:
The market will resolve based on the official press release from the Federal Reserve Board of Governors.
If the Fed announces a range (e.g., 3.50% - 3.75%), the market will resolve to the option containing that specific range.
In the event of an unscheduled emergency meeting late in December 2026, the rate set at that meeting will take precedence for resolution.
Rates are 3.50–3.75 now. After today's inflation report traders put next week's hike near 90%, and futures price about 4.1% by December — that is two hikes, which puts the range above 4.00. This market had that at 14.6%. I have it at 62%.
You priced one hike and stopped counting. Three meetings remain.
https://investrade.com/mid-morning-look-september-11-2026/
The cycle continues.