{
  "_notice": {
    "type": "free_key_offer",
    "message": "Free and anonymous access is staying. If this endpoint is in your pipeline, a free key adds advance notice before any schema change or deprecation. POST /v1/keys {\"email\": \"you@firm.com\"} — nothing else required. Something broken or missing? hello@clearmarket.fyi reaches a human.",
    "docs": "https://clearmarket.fyi/for-data/",
    "policy": "This field is additive and its shape will not change."
  },
  "event_id": "CM-EVT-D9GMMQLFR9",
  "slug": "kxfeddecision-27dec",
  "question": "Will the Federal Reserve make a decision in December 2027?",
  "category": "economics",
  "event_type": "BINARY",
  "ladder_distribution": null,
  "tags": [
    "economics",
    "federal-reserve",
    "monetary-policy",
    "interest-rates",
    "2027",
    "us-economy"
  ],
  "catalyst_types": [],
  "catalyst_dates": [],
  "editorial_notes": "These markets track the Federal Reserve's policy rate decision at its December 2027 meeting. Kalshi structures the event as five discrete strike thresholds spanning cuts greater than 25bps to hikes greater than 25bps. Traders can isolate specific rate-move increments rather than a single directional binary. Resolution is by Kalshi staff determination based on the Federal Reserve Board of Governors' official December 2027 announcement.",
  "venues_covered": [
    "kalshi"
  ],
  "primary_market_id": "CM-MKT-SGRXT5S5F1",
  "current_primary_mark": {
    "last_price": 0.4,
    "implied_probability": 0.4
  },
  "created_at": "2026-07-23T21:11:14.426158+00:00",
  "updated_at": "2026-07-23T21:11:14.426158+00:00",
  "markets": [
    {
      "market_id": "CM-MKT-KJVT94K420",
      "event_id": "CM-EVT-D9GMMQLFR9",
      "platform": "kalshi",
      "platform_market_id": "KXFEDDECISION-27DEC-C26",
      "question": "Will the Federal Reserve Cut rates by >25bps at their December 2027 meeting?",
      "description": "Cut >25bps",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Cut >25bps: Federal Reserve's official announcement following its December 2027 meeting determines whether the federal funds rate increased by 25 basis points, resolved by Kalshi staff by December 8, 2027.",
      "close_at": "2027-12-08T18:59:00Z",
      "resolve_at": "2027-12-08T19:05:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the Federal Reserve does a Cut of   25bps on December 08, 2027, then the market resolves to Yes.\n\nThis market is mutually exclusive. Therefore, if the Federal Reserve hikes by 50bps, the 50bps market will resolve to Yes and the 25bps market will resolve to No. Only one bucket, at maximum, can resolve to Yes. Note 4/28/25: For the markets beginning after the May meeting, if a scheduled FOMC meeting is canceled and does not occur on its scheduled date, then the strike for \"Fed maintains rate\" will resolve to Yes and all others will resolve to No.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Federal Reserve",
        "source_status": "platform_named",
        "source_citation": "https://www.federalreserve.gov",
        "sources": [
          {
            "name": "Federal Reserve",
            "url": "https://www.federalreserve.gov",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Federal Reserve",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.11,
      "implied_probability": 0.11,
      "volume_24h_usd": 0,
      "volume_total_usd": 1183.9993,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": "CMX-A16B97459B",
      "also_on": null,
      "tags": [
        "cuts",
        "fed",
        "federal reserve funds",
        "monetary policy",
        "rates"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-WBTPFJZ7J5",
      "event_id": "CM-EVT-D9GMMQLFR9",
      "platform": "kalshi",
      "platform_market_id": "KXFEDDECISION-27DEC-C25",
      "question": "Will the Federal Reserve Cut rates by 25bps at their December 2027 meeting?",
      "description": "Cut 25bps",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Cut 25bps: Federal Reserve's official announcement following its December 2027 meeting determines whether the federal funds rate increased by 25 basis points, resolved by Kalshi staff by December 8, 2027.",
      "close_at": "2027-12-08T18:59:00Z",
      "resolve_at": "2027-12-08T19:05:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the Federal Reserve does a Cut of 25bps on December 08, 2027, then the market resolves to Yes.\n\nThis market is mutually exclusive. Therefore, if the Federal Reserve hikes by 50bps, the 50bps market will resolve to Yes and the 25bps market will resolve to No. Only one bucket, at maximum, can resolve to Yes. Note 4/28/25: For the markets beginning after the May meeting, if a scheduled FOMC meeting is canceled and does not occur on its scheduled date, then the strike for \"Fed maintains rate\" will resolve to Yes and all others will resolve to No.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Federal Reserve",
        "source_status": "platform_named",
        "source_citation": "https://www.federalreserve.gov",
        "sources": [
          {
            "name": "Federal Reserve",
            "url": "https://www.federalreserve.gov",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Federal Reserve",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.22,
      "implied_probability": 0.22,
      "volume_24h_usd": 0,
      "volume_total_usd": 279.0106,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": "CMX-77F1AB7A4F",
      "also_on": null,
      "tags": [
        "cuts",
        "fed",
        "federal reserve funds",
        "monetary policy",
        "rates"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-6P0CK2P682",
      "event_id": "CM-EVT-D9GMMQLFR9",
      "platform": "kalshi",
      "platform_market_id": "KXFEDDECISION-27DEC-H0",
      "question": "Will the Federal Reserve Hike rates by 0bps at their December 2027 meeting?",
      "description": "Fed maintains rate",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Fed maintains rate: Federal Reserve's official announcement following its December 2027 meeting determines whether the federal funds rate increased by 25 basis points, resolved by Kalshi staff by December 8, 2027.",
      "close_at": "2027-12-08T18:59:00Z",
      "resolve_at": "2027-12-08T19:05:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the Federal Reserve does a Hike of 0bps on December 08, 2027, then the market resolves to Yes.\n\nThis market is mutually exclusive. Therefore, if the Federal Reserve hikes by 50bps, the 50bps market will resolve to Yes and the 25bps market will resolve to No. Only one bucket, at maximum, can resolve to Yes. Note 4/28/25: For the markets beginning after the May meeting, if a scheduled FOMC meeting is canceled and does not occur on its scheduled date, then the strike for \"Fed maintains rate\" will resolve to Yes and all others will resolve to No.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Federal Reserve",
        "source_status": "platform_named",
        "source_citation": "https://www.federalreserve.gov",
        "sources": [
          {
            "name": "Federal Reserve",
            "url": "https://www.federalreserve.gov",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Federal Reserve",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.28,
      "implied_probability": 0.28,
      "volume_24h_usd": 0,
      "volume_total_usd": 427.7952,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": "CMX-72D827917E",
      "also_on": null,
      "tags": [
        "fed",
        "federal reserve funds",
        "hold",
        "monetary policy",
        "rates"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-SGRXT5S5F1",
      "event_id": "CM-EVT-D9GMMQLFR9",
      "platform": "kalshi",
      "platform_market_id": "KXFEDDECISION-27DEC-H25",
      "question": "Will the Federal Reserve Hike rates by 25bps at their December 2027 meeting?",
      "description": "Hike 25bps",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Hike 25bps: Federal Reserve's official announcement following its December 2027 meeting determines whether the federal funds rate increased by 25 basis points, resolved by Kalshi staff by December 8, 2027.",
      "close_at": "2027-12-08T18:59:00Z",
      "resolve_at": "2027-12-08T19:05:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the Federal Reserve does a Hike of 25bps on December 08, 2027, then the market resolves to Yes.\n\nThis market is mutually exclusive. Therefore, if the Federal Reserve hikes by 50bps, the 50bps market will resolve to Yes and the 25bps market will resolve to No. Only one bucket, at maximum, can resolve to Yes. Note 4/28/25: For the markets beginning after the May meeting, if a scheduled FOMC meeting is canceled and does not occur on its scheduled date, then the strike for \"Fed maintains rate\" will resolve to Yes and all others will resolve to No.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Federal Reserve",
        "source_status": "platform_named",
        "source_citation": "https://www.federalreserve.gov",
        "sources": [
          {
            "name": "Federal Reserve",
            "url": "https://www.federalreserve.gov",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Federal Reserve",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.4,
      "implied_probability": 0.4,
      "volume_24h_usd": 0,
      "volume_total_usd": 10071.232000000002,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": "CMX-77F1AB7A4F",
      "also_on": null,
      "tags": [
        "fed",
        "federal reserve funds",
        "hikes",
        "monetary policy",
        "rates"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-0SVHKZXK07",
      "event_id": "CM-EVT-D9GMMQLFR9",
      "platform": "kalshi",
      "platform_market_id": "KXFEDDECISION-27DEC-H26",
      "question": "Will the Federal Reserve Hike rates by >25bps at their December 2027 meeting?",
      "description": "Hike >25bps",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Hike >25bps: Federal Reserve's official announcement following its December 2027 meeting determines whether the federal funds rate increased by 25 basis points, resolved by Kalshi staff by December 8, 2027.",
      "close_at": "2027-12-08T18:59:00Z",
      "resolve_at": "2027-12-08T19:05:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the Federal Reserve does a Hike of >25bps on December 08, 2027, then the market resolves to Yes.\n\nThis market is mutually exclusive. Therefore, if the Federal Reserve hikes by 50bps, the 50bps market will resolve to Yes and the 25bps market will resolve to No. Only one bucket, at maximum, can resolve to Yes. Note 4/28/25: For the markets beginning after the May meeting, if a scheduled FOMC meeting is canceled and does not occur on its scheduled date, then the strike for \"Fed maintains rate\" will resolve to Yes and all others will resolve to No.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Federal Reserve",
        "source_status": "platform_named",
        "source_citation": "https://www.federalreserve.gov",
        "sources": [
          {
            "name": "Federal Reserve",
            "url": "https://www.federalreserve.gov",
            "provenance": "platform_api"
          }
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        "source_of_record": "Federal Reserve",
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        "source_quality": "authoritative",
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        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
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      "last_price": 0.05,
      "implied_probability": 0.05,
      "volume_24h_usd": 0,
      "volume_total_usd": 3856.974,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": "CMX-A16B97459B",
      "also_on": null,
      "tags": [
        "fed",
        "federal reserve funds",
        "hikes",
        "monetary policy",
        "rates"
      ],
      "eligibility_screens": null
    }
  ],
  "resolution_log": [],
  "_provenance": {
    "source": "clearmarket.fyi",
    "ref": "CM-EVT-D9GMMQLFR9",
    "terms": "Attribution required. clearmarket.fyi"
  }
}