TOTAL VOLUME:

$102.5b

24H VOL:

$147,622,260

24H TRANSACTIONS:

1,036,091,726

OPEN INTEREST:

$1,244,953,938

200,592

Markets across

19,620

events

MATCHED EVENTS:

1,308

PLATFORM COVERAGE:

5

Polymarket:

44%

VS.

Kalshi:

56%

BETA

Will the Federal Reserve Hike rates by 25bps at their December 2027 meeting?

40%chance
Amount

$

$20

$50

$100

$500

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Intro

This market tracks whether the Federal Reserve will hold its benchmark interest rate steady at its December 2027 meeting. On Kalshi, the probability that the Fed maintains rates without a hike stands at 80.0%, while the probability of a rate increase exceeding 25 basis points is at 13.0%. Resolution will be determined by the Federal Reserve's official announcement on December 8, 2027. Watch the Fed's December 8, 2027 decision for the definitive outcome.

Kalshi

The market resolves based on the Federal Reserve's official announcement of its policy decision on December 8, 2027. The outcomes are mutually exclusive; only one can resolve to Yes. The Fed's action is categorized by basis points: cuts greater than 25bps, cuts of exactly 25bps, maintaining the rate at 0bps change, hikes of exactly 25bps, or hikes greater than 25bps. If the scheduled FOMC meeting is canceled and does not occur on December 8, 2027, the "Fed maintains rate" outcome resolves to Yes and all others resolve to No.

Frequently asked questions

Prediction market odds on Kalshi reflect real-money bets from traders and often diverge from consensus analyst forecasts. While traditional economists and Fed watchers publish rate-hike probability estimates based on economic models and forward guidance, prediction markets incorporate live market sentiment and proprietary trader insights. The current market pricing suggests a relatively low probability outcome compared to historical baseline expectations, indicating traders may be pricing in economic conditions or Fed signals that differ from the median analyst view heading into December 2027.

On Kalshi, the December 2027 Fed decision is priced as a binary contract on whether the Federal Reserve will hike rates by 25 basis points at their December meeting. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The current odds reflect 40.0% probability, with active trading establishing the contract price. Traders buy YES if they expect a hike or NO if they expect a hold or larger/smaller move. The contract price directly represents the market's collective forecast, updated continuously as new economic data, inflation reports, and Fed communications emerge through late 2027.

The Fed decision in December 2027 market resolves on Dec 8, 2027, immediately following the Federal Reserve's official announcement of their policy decision. Resolution is determined by the actual rate decision announced by the Fed at their December 2027 meeting. The contract settles based on whether the Fed implements a 25 basis point rate hike or not, with the outcome verified against official Federal Reserve communications and financial news sources.

Several key catalysts could shift market odds for the December 2027 Fed decision. Inflation data releases, employment reports, and GDP growth figures will influence expectations about monetary policy tightness. Fed communications, including speeches by Jerome Powell and other governors, forward guidance updates, and minutes from prior meetings, often trigger repricing. Geopolitical events, financial stability concerns, and unexpected economic shocks could also prompt traders to reassess the probability of a rate hike. Market volatility and credit conditions in late 2027 may further influence the final odds before resolution.

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