Background

The Federal Open Market Committee (FOMC) has maintained elevated interest rates to combat inflation. Recent data shows inflation remains above the Fed's 2% target, and the US economy continues to show resilience with low unemployment and healthy consumer spending. As of late January 2024, market expectations for a March 2025 rate cut were around 28%, significantly lower than earlier predictions.

Resolution Criteria

This market will resolve YES if the FOMC announces a reduction in the federal funds rate at their March 2025 meeting (taking place March 19–20). It will resolve NO if rates are maintained or increased. The market will resolve based on the official FOMC statement and announcement following the meeting. The current target rate is 425-450.