Fed funds rate in September 2022 meeting?
Fed funds rate in September 2022 meeting?
$1,356,683 vol
6H
1D
1W
1M
ALL
Market Rules
Above 0.25%
If the upper bound of the target federal funds rate is greater than 0.25% following the Federal Reserve's September 21, 2022 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 September 21, 2022 meeting or one week following the last day of that meeting.
Timeline and payout
Market openDec 27, 2021 · 10:00am EST
Market closedSep 21, 2022 · 1:55pm EDT
Paid outSep 27, 2022 · 1:00pm EDT
SeriesKXFED
EventFED-22SEP
MarketFED-22SEP-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.