Next Fed rate cut?

Before 2027: If the Federal Open Market Committee announces a reduction in the target range for the federal funds rate at least once after market Issuance and on or before December 31, 2026, then the market resolves to Yes. Before July 2027: If the Federal Open Market Committee announces a reduction in the target range for the federal funds rate at least once after market Issuance and on or before June 30, 2027, then the market resolves to Yes. Before 2028: If the Federal Open Market Committee announces a reduction in the target range for the federal funds rate at least once after market Issuance and on or before December 31, 2027, then the market resolves to Yes. Before July 2028: If the Federal Open Market Committee announces a reduction in the target range for the federal funds rate at least once after market Issuance and on or before June 30, 2028, then the market resolves to Yes. Before 2029: If the Federal Open Market Committee announces a reduction in the target range for the federal funds rate at least once after market Issuance and on or before December 31, 2028, then the market resolves to Yes. The announcement must occur after market issuance and by 11:59 PM ET on the specified date. The announcement date controls, regardless of when the reduction takes effect. Announcements outside regularly scheduled FOMC meetings count. Each deadline is evaluated separately. A qualifying announcement may cause multiple markets to resolve to Yes.