What are the odds of "Will the Federal Reserve cut rates before 2027?"?

The live Kalshi market currently prices this at 21%, meaning traders collectively imply about a 21% chance of YES. Prices move continuously as new information arrives.

Where does this number come from?

It's the live price of the Kalshi event contract, which trades between 1 and 99 cents. A price of 60 cents implies a 60% chance. ContractTax reads the public market price and adds price history and context.

Live odds / Economics

Will the Federal Reserve cut rates before 2027?

Cuts

21%

implied chance of YES▲ 1 today

Recorded price path

This is a live Kalshi event contract. The price, 21 cents, is the market’s implied probability of YES. Whether that number is well-calibrated is its own question: our Truth Machine measures how often markets at each price level actually settle YES. Confirm live prices on Kalshi before trading.

What history says about this price

Across our settled record, markets priced near 20–29¢ have gone on to settle YES 27% of the time (n=144). The price implies 21%, so historically this band has come in about 6 points higher than the sticker. That is history, not a forecast for this specific market. See the Truth Machine for the full curve.

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Odds reflect the live Kalshi market and move continuously. Educational only, not financial advice. Not affiliated with Kalshi.