{
  "_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-X2TT2M9D02",
  "slug": "kxratecut-26dec31",
  "question": "Will the Federal Reserve cut interest rates before 2027?",
  "category": "economics",
  "event_type": "BINARY",
  "ladder_distribution": null,
  "tags": [
    "economics",
    "federal-reserve",
    "interest-rates",
    "monetary-policy",
    "us-economy",
    "2027"
  ],
  "catalyst_types": [],
  "catalyst_dates": [],
  "editorial_notes": "This event tracks whether the Federal Reserve will cut its federal funds target rate at least once before January 1, 2027. A single Kalshi binary market prices the outcome, resolved by Kalshi staff determination against Federal Reserve Board of Governors policy announcements. No Polymarket analog exists here, so no cross-platform structural contrast applies. Resolution requires an official rate cut announcement prior to the January 1, 2027 deadline.",
  "venues_covered": [
    "kalshi"
  ],
  "primary_market_id": "CM-MKT-HPH8N3G095",
  "current_primary_mark": {
    "last_price": 0.189,
    "implied_probability": 0.189
  },
  "created_at": "2026-07-06T00:30:45.836226+00:00",
  "updated_at": "2026-07-06T00:30:45.836226+00:00",
  "markets": [
    {
      "market_id": "CM-MKT-HPH8N3G095",
      "event_id": "CM-EVT-X2TT2M9D02",
      "platform": "kalshi",
      "platform_market_id": "KXRATECUT-26DEC31",
      "question": "Will the Federal Reserve cut rates before 2027?",
      "description": "Cuts",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Federal Reserve Board of Governors announces the federal funds rate decision before January 1, 2027.",
      "close_at": "2027-01-01T04:59:00Z",
      "resolve_at": "2027-01-01T15:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the Federal Reserve cuts its target federal funds rate range at least once between February 26, 2026 and December 31, 2026, then the market resolves to Yes.\n\nThe market will close and determine on the first 10 AM ET following the occurrence of the event if the event occurs prior to the target date.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Federal Reserve",
        "source_status": "platform_named",
        "source_citation": "https://www.federalreserve.gov/monetarypolicy/openmarket.htm",
        "sources": [
          {
            "name": "Federal Reserve",
            "url": "https://www.federalreserve.gov/monetarypolicy/openmarket.htm",
            "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": 100,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.189,
      "implied_probability": 0.189,
      "volume_24h_usd": 1809.83376,
      "volume_total_usd": 148059.57411,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": "CMX-1D3933F7ED",
      "also_on": null,
      "tags": [
        "fed",
        "federal reserve rates",
        "monetary-policy",
        "rates"
      ],
      "eligibility_screens": [
        {
          "regime": "ciro-26-0076",
          "screen_version": "v1",
          "status": "eligible",
          "reasons": [],
          "bucket": "economic_forecasts",
          "screened_at": "2026-06-12"
        }
      ]
    }
  ],
  "resolution_log": [],
  "_provenance": {
    "source": "clearmarket.fyi",
    "ref": "CM-EVT-X2TT2M9D02",
    "terms": "Attribution required. clearmarket.fyi"
  }
}