Will it be reported by any of the Source Agencies that a Federal Open Market Committee post-meeting statement contains no forward-looking guidance regarding the likely future path of the federal funds rate before Jan 1, 2027
Leader sits at 56% across 4 bound outcomes, runner-up at 56%. This is a winner-take-all market — the headline is the leader’s price, not an arithmetic mean.
Leader probability
Dot Plot Omitted
Outcomes
4
winner-take-all
Runner-up
56¢
Presser Skipped
Spread
0pp
contested
24h volume
$310
thin orderbook
Closes
Jan 1, 2027
189 days
Venue
Kalshi
4 bound
30-day trend
Bracket family
How the bracket ladder is priced.
Each row is one outcome on the venue. Sorted by 24h volume — the heaviest book is at the top.
Cluster 1
Will it be reported by any of the Source Agencies that
Will it be reported by any of the Source Agencies that a Summary of Economic Projections omits individual participants’ federal-funds-rate projections before Jan 1, 2027?: Dot Plot Omitted
KXFEDREFORM-27-DPLO
Will it be reported by any of the Source Agencies that the Federal Reserve Chair does not hold a press conference following a regularly scheduled Federal Open Market Committee meeting before Jan 1, 2027?: Presser Skipped
KXFEDREFORM-27-PRES
Will it be reported by any of the Source Agencies that a Federal Open Market Committee post-meeting statement emphasizes trimmed-mean or median inflation measures before Jan 1, 2027?: Trimmed Mean Emphasized
KXFEDREFORM-27-TMEA
Will it be reported by any of the Source Agencies that the Board of Governors does not approve the reappointment of a Federal Reserve Bank president before Jan 1, 2027?: Reserve President Rejected
KXFEDREFORM-27-REJE
Analysis
This market contracts track the likelihood that the Federal Reserve will substantially alter its standard communication practices before year-end 2026. The "Dot Plot Omitted" contract—currently the highest-priced outcome at 65%—reflects market expectations that the Summary of Economic Projections may exclude individual participants' federal-funds-rate forecasts. The leading indicator is market uncertainty about potential Federal Reserve operational changes in response to political or economic pressures. The probability would rise if there are signals of structural policy changes or leadership transitions; it would fall if the Fed signals continuity in its communication framework. The primary resolution catalyst is the Fed's regular policy meetings and economic projections releases scheduled throughout the remainder of 2026, particularly any announced changes to post-meeting communication protocols or the December meeting outcome.
- ›The "Dot Plot Omitted" contract trades at 65¢ versus "Forward Guidance Removed" at only 49¢, suggesting market participants view omitting rate projections as more likely than removing forward guidance entirely
- ›The "Presser Skipped" contract at 60¢ indicates moderate probability of a cancelled post-meeting press conference, which could signal related communication changes
- ›Extreme low prices on "Reserve President Removed" (5¢) and "Reserve President Rejected" (6¢) suggest minimal market expectation of personnel disruptions that might trigger broader operational changes
- ›The 7-month timeframe to resolution (through December 2026) spans multiple regularly scheduled FOMC meetings where communication structure could be modified
- ›Kalshi volume remains relatively light across all contracts ($652–$2730 per contract in 24 hours), suggesting limited consensus and high model dependence
What moved the line
- Jun 18Presser Skipped↑11pp26→37¢ · Kalshi
- Jun 22Presser Skipped↑11pp46→57¢ · Kalshi
- Jun 21Reserve President Rejected↓9pp12→3¢ · Kalshi
- Jun 21Presser Skipped↑8pp38→46¢ · Kalshi
- Jun 18Dot Plot Omitted↑7pp34→41¢ · Kalshi
Recently closed in economy
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- What are the odds of a US recession in 2026?last 34% · 1d
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These markets stopped trading. Last odds and any captured outcome are shown above — full settlement detail lives at the venue.
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How we compute these odds
SimpleFunctions aggregates live prediction-market contracts from Kalshi and Polymarket. Each slug groups contracts that resolve on the same underlying event, identified by venue event_id.
For binary slugs, the headline probability is the liquidity-weighted mid-price across all bound contracts. For multi-outcome slugs (e.g. elections with 3+ candidates), the headline is the leader’s price; we never arithmetically average disjoint outcomes — that would produce a number with no real-world meaning.
Snapshots refresh every 5 minutes during market hours; daily aggregates are computed at 04:00 UTC. The 30-day sparkline is drawn from per-ticker daily means stored in market_indicator_daily; 24h delta and movement events are derived from the same source.
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