This market will resolve to “Yes” if the Federal Open Market Committee (FOMC) increases the target range for the federal funds rate at any time after the creation of this market and before January 1, 2027 – 00:00 PST, including at the scheduled December 8–9, 2026 meeting or via any intermeeting action in December 2026.

Otherwise, this market will resolve to “No.”

For the purposes of this market:

• A “hike” is defined as any upward adjustment to the federal funds target range (higher lower bound, higher upper bound, or both) as stated in the official FOMC policy statement or implementation note.

• A hold, cut, or no change does not qualify.

• Only decisions occurring after market creation are eligible.