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Markets bet on whether the Fed will cut rates 2 times

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Kalshi has reported 148,941 in volume over the last 24 hours on their market for “Will the Fed cut rates 2 times?”, making it one of the hottest markets on the platform today.

The market currently is implying a 18% chance for "Exactly 2 cuts", which is up from yesterday, when the market implied a 17% probability.

If the Fed cuts 2 times before 2026, the market resolves to Yes.

In total, this market has seen a volume of 4,335,016 transactions since it was first opened on December 20, 2024. There are 1,070,633 positions of open interest in this market, and the overall liquidity is sitting at 7,066,764 contracts.

Based on Quiver’s tracking, here are 10 of the finance and politics markets that have had the most volume on Kalshi over the last 24 hours:

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