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Fed funds rate at end of 2027

Live prices from Kalshi, ordered by what the market thinks. These are raw ask prices, what it actually costs to take the position, margin included.

OutcomeKalshi
Above 1.25% 99¢
Above 1.75% 99¢
Above 2.50% 98¢
Above 2.75% 90¢
Above 3.25% 88¢
Above 3.00% 90¢
Above 3.50% 85¢
Above 3.75% 82¢
Above 4.00% 80¢
Above 4.25% 70¢
Above 4.50% 52¢
Above 5.00% 29¢
Above 4.75% 23¢
Above 5.25% 18¢
Above 5.50% 16¢
Above 5.75%
Above 6.00%

Only outcomes with a live two-sided quote are shown. No Polymarket equivalent was matched with enough confidence to publish, so this page is Kalshi only. Prices as of Fri, 18 Sep 2026 14:31:00 UTC.

Your call

The market says 99%. It got there by making everyone who disagreed put money behind it. You do not have to, so this is the cheap version of the same question, and the interesting number is how far the two drift apart.

99%

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The record

What this market has cost every day since 30 July 2026, taken from the exchange's own published history. The line is the mid price, halfway between what a buyer would pay and a seller would take.

0 25 50 75 100 JulAugSept Above 1.00% 98 Above 1.50% 96 Above 2.00% 96

Over this window Above 2.00% went from 76.5 to 96, a move of 19.5 points toward happening.

The other 1 contract in this field is left off the chart rather than drawn in a colour nobody could tell apart; it is all in the table above. Kalshi removes a contract from its interface once it settles and Polymarket buries closed events, so this page is the copy that stays put. We also record our own snapshot once a day, independently, because a history published by the house is worth checking against one kept by somebody with no position in it.

See this on Kalshi

What settles this

Settlement source
Federal Reserve Board of Governors
Contract terms
Kalshi product certification (PDF)
Closes
Sat, 01 Jan 2028 04:59:00 UTC
Resolution, for the Above 1.25% contract
If the upper bound of the target range for the federal funds rate in effect at 11:59 PM ET on December 31, 2027, as published on the Federal Reserve’s official website, is above 1.25%, then the market resolves to Yes.
Ticker
KXFEDFUNDSYEAR-28JAN01

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