Fed funds highest rate, 2023 (additional strikes)?
9
8
7
6
5
4
3
2
1
0
.
9
8
7
6
5
4
3
2
1
0
%
▼ 00
9
8
7
6
5
4
3
2
1
0
.
9
8
7
6
5
4
3
2
1
0
6H
1D
1W
1M
ALL
2023 (additional strikes) (+0)
$1,003,305vol
5.25% or below
Highest upper boundNo
5.26% to 5.50%
Highest upper boundYes
5.51% to 5.75%
Highest upper boundNo
5.76% or above
Highest upper boundNo
Rules summary for
5.25% or below
If the maximum upper bounds of the Federal Reserve target federal funds range is below 5.26%, then the market resolves to Yes. Outcome verified from Federal Reserve.
Please note that this market will close at 11:59 PM ET on Dec 31, 2023. It will not close early even if the Federal Reserve stops hiking or starts cutting.
IMPORTANT CHANGE FROM PREVIOUS TERMINALRATE MARKET: For this market, the bounds of the brackets are slightly changed. In the previous market, they included the traditional upper bound (a rate ending in .00 or .25) as the first part of the range. Here, they are the second part of the range. E.g., 6.01-6.25 instead of 6.00-6.24. Note: this event is mutually exclusive.Timeline and payout
About
The highest federal funds rate in the United States reached an astonishing 20.00 percent in March of 1980, during a period of soaring inflation and economic challenges. The federal funds rate is a key interest rate set by the Federal Reserve, influencing borrowing and lending rates throughout the economy. This exceptionally high rate was implemented as a measure to combat rising inflation and is a notable milestone in the history of U.S. monetary policy.
Show more
