Fed funds rate in May 2022 meeting?
Fed funds rate in May 2022 meeting?
$427,858 vol
6H
1D
1W
1M
ALL
Market Rules
Above 0.25%
If the target federal funds rate is greater than 0.25% following the Federal Reserve's May meeting, then the market resolves to Yes. Outcome verified from Federal Reserve Board of Governors.
This market will expire the first 2:05 PM ET following the release of a Federal Reserve statement for their May 04, 2022 meeting or one week following the last day of that meeting.
Timeline and payout
Market openDec 27, 2021 · 10:00am EST
Market closedMay 4, 2022 · 1:55pm EDT
Paid outMay 11, 2022 · 5:05pm EDT
SeriesKXFED
EventFED-22MAY
MarketFED-22MAY-T0.25
Insider trading is prohibited
The following are prohibited from trading this contract:
- Persons who are employed by any of the Source Agencies are not permitted to trade on the Contract.
- Persons who hold any material, non-public information on the Underlying are not permitted to trade on the Contract.
About
The federal funds rate is a key interest rate set by the Federal Reserve, influencing borrowing and lending rates across the economy. The Fed uses it to control inflation and support economic growth. Generally, the Fed raises the interest rate to slow down the economy and cuts the interest rate to stimulate growth.