What will the Fed Funds target rate be at the end of the cutting cycle?
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Plus
8
Ṁ678
2026
10%
Above 4%
11%
4.00-3.51%
15%
3.50-3.01%
13%
3.00-2.51%
11%
2.50-2.01%
39%
Other

Once the FOMC starts hiking, at what interest rate will they stop?

This market will resolve based on information directly from the FOMC: The Fed - Meeting calendars and information (federalreserve.gov)

The interest rate in question will be the high end of the range specified in the FOMC press release (e.g. 5.50% as of the July meeting).

For this question's purposes, the end of the cutting cycle will be defined as, once the cutting cycle begins, the earlier of:

(1) When the FOMC next raises rates

(2) When three consecutive FOMC meetings occur without any reduction in the target rate either at or between meetings.

At inception, the "Other" answer covers interest rates 2.00% and lower. This bucket may later be split into multiple answers if it becomes the betting favorite.

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FWIW, the lowest rate I see implied by the fed funds futures market currently is 2.64%.