
The market will resolve to Yes if the July 2026 FOMC statement includes language indicating that the Committee expects, anticipates, intends, or judges it likely that future changes to the target range for the federal funds rate will occur, including future rate cuts, future rate hikes, or future adjustments in either direction.
The market will resolve to No if the statement only describes current economic conditions, the current policy decision, the Committee’s goals, or general data-dependence without indicating a likely future direction for the federal funds rate.