Resolve YES if the Federal Open Market Committee increases the target range for the federal funds rate at its October 27–28, 2026 meeting relative to the target range in effect immediately before the meeting.

Resolve NO if the FOMC leaves the target range unchanged or lowers it.

Resolution will be based on the first official Federal Reserve monetary policy statement issued for the October 27–28, 2026 FOMC meeting.

The size of the increase does not matter. Any increase in the target range counts as YES.

Changes to forward guidance, the balance sheet, quantitative tightening, Treasury operations, or any other policy measure do not count unless the target range for the federal funds rate is also increased.

If the September FOMC decision is delayed beyond the market’s scheduled closing time, the market will remain closed to trading but unresolved until the Federal Reserve publishes the official decision, at which point it will resolve based on that decision