Will the Federal Reserve Hike rates by >25bps at their December 2026 meeting?

Settles Dec 09, 2026 (39d) All outcomes: Fed decision in Dec 2026? Fed Watch — futures-implied odds

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chance of YES2% +1.0pp in 24h
Price range (120d)
1–6%
30d +0 pts · 7d -60 pts
24h volume
23.0K
$1 contracts
Open interest
424.2K
contracts outstanding
Bid / ask
2¢ / 3¢
spread 1.0¢

Odds and volume

daily, 120 days

Line: daily closing YES price (= implied probability). Bars: contracts traded.

Order book

top 5
BidSizeAskSize
2.0¢ 8,638 3.0¢ 195,169
1.0¢ 57,921 4.0¢ 68,917
5.0¢ 3,113
6.0¢ 4,500
7.0¢ 109

Mid 2.5¢ · spread 1.0¢

Open on Kalshi

We don't execute trades; odds are aggregated from public data.

Other outcomes in this event

Hike 25bps70%65.0K
Cut 25bps0%10.7K

Recent large orders

≥ $1K · 14 days
WhenSidePriceContractsSize
NO98¢ 20,000$20K
NO98¢ 2,000$2K
NO98¢ 2,500$2K
NO98¢ 4,000$4K
NO98¢ 5,000$5K
NO97¢ 2,609$3K
NO97¢ 10,000$10K
NO97¢ 3,000$3K
NO97¢ 10,000$10K
NO97¢ 50,000$48K

Orders stitched together from Kalshi's anonymous fills.

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