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← Explore · Kalshi · Market KXFEDFUNDSYEAR-34JAN01-T4.00

Will the upper bound of the target range for the federal funds rate in effect at 11:59 PM ET on December 31, 2033 be above 4.00%?

39.5% implied · bid 15.0¢ · ask 64.0¢

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A · Price & probability

The market prices this at 38.0%, down 5.5pt over 24h, on a 49.0¢ spread.

Implied probability38.0%
Bid / ask / mid15.0¢ / 64.0¢ / 39.5¢
Spread49.0¢ (124.1%)
Change 24h-5.50pt
Change 7d-5.00pt
Longshot tax-9% historically (35-50¢ bucket)

B · Liquidity & flow

Thin (score 0/100) — trade small; large orders will move the price. Order book leans 1% to the ask (sellers).

Volume 24h$0
Volume qualityPro
Depth ±5¢ (bid/ask)$0 / $0
Imbalance1% bid
Large trades (>$1k)0
Liquidity score0.0 / 100

C · Momentum & volatility

RSI 11 (oversold); price is below its 7-day mean by 2.3σ — an unusually large move.

Z-score vs 7d mean-2.28
RSI (14, hourly)11.1
Realized vol 7d1.71pt
Change 1h+0.00pt

E · Time & structure

Resolves in 2622d 2h.

Time to resolve2622d 2h
Resolution sourcedocumented
Rules risklow (15)
Sum of outcomes100.0%

Price history

Probability timeline

Order-book depth

Cost to trade

Pro See what a live order would actually cost after walking the book, and the edge/EV/Kelly at that real price. Upgrade

Longshot tax — return by price bucket

This market's 35-50¢ bucket has returned -9% per $1, historically.

Other venues

Pro See the live Kalshi ↔ Polymarket gap, the after-fee combined cost of hedging both legs, and its history. Upgrade

How this settles

⚠ Single source
DeadlineRead at 11:59 PM ET on the expiration date.
Close → settlementExpected settlement is 169.5h after scheduled close.

Summary

If the upper bound of the target range for the federal funds rate in effect at 11:59 PM ET on December 31, 2033, as published on the Federal Reserve’s official website, is above 4.00%, then the market resolves to Yes.

Expanded rules

If the Federal Reserve specifies a single target rate rather than a target range, that target rate will be used.