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Inactive creator, resolving YES (fed funds rate target range is currently 5.25%–5.50%)

Federal Open Market Committee raised its funds rate by a quarter percentage point to a target range of 5.25%-5.5%.(Raise 0.25)

https://www.cnbc.com/2023/07/26/fed-meeting-july-2023-.html

5.25-5.5% is where we should end the year if they do not raise again. There is no way they lower this year (imo)
(Yes I understand the market creator will await the end of the year to resolve)

Is by the same at at? We often have this semantic question. Or does by mean before?

@JimAusman The first one. At least in this case.

@JimAusman The usual ambiguity is whether by means "before" or "before or during". I haven't heard of it meaning "at", this is news to me! Just to confirm @TimP you're not going to resolve this until end of year, even if the Fed hikes to > 5.25% before then?

@chrisjbillington Yes. it depends on what the rate is at the end of the year.

@TimP Ok, suggest you update the title and description to reflect this. There is a chance of a rate cut by year end such that "before" vs "at" have decently different probabilities.

@TimP Wait what, I have been betting on this market as anytime before the end of year.

@PC I suggest creating another market with "at"? Would be curious about @chrisjbillington 's opinion because it is mostly him and I betting on this market

@PC I think this is a poorly made market given it did not clarify this (very unexpected, to me at least) point. Perhaps @TimP should N/A this one and/or do what you said and make a separate market.

5.25 is not above 5.25, correct?

@JimAusman Hm, yeah, that sounds right. 😁