- Start
- Jun 15, 202290% CONFIDENCEfrom the source
Fed Raises Rates Three-Quarters of a Point to 1.50%-1.75% at the June 2022 FOMC Meeting With One Dissent
- The Federal Open Market Committee decided on 15 June 2022 to raise the target range for the federal funds rate by 3/4 percentage point to 1.50%-1.75%, with the statement released at 2:00 p.m. EDT[1]
- The statement opened: "Overall economic activity appears to have picked up after edging down in the first quarter. Job gains have been robust in recent months, and the unemployment rate has remained low."[1]
- 10 members voted for the action and 1 against: Esther George voted against, preferring a 1/2 percentage point increase to 1-1/4 to 1-1/2 percent[1]
- The meeting came with a Summary of Economic Projections, whose median put the federal funds rate at 3.4 percent at the end of 2022 and 3.8 percent at the end of 2023[3]
- Kalshi's Fed funds rate market for the month resolved Yes up to "Above 1.50%" and No above it, an upper bound of 1.75%, with 571 thousand contracts traded across its thresholds[4]
- Polymarket's June rate market resolved to Yes up to "Above 1.50%" on its threshold ladder, with about $371 thousand traded[5]
- Chair Jerome Powell held a press conference after the statement[2]
References 587% CONFIDENCEOverall confidence: 87%How well the pin's source and references back up its dates.Weighted average of how firmly 5 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or better
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%federalreserve.gov/newsevents/pressreleases/monetary20220615a.htmfederalreserve.gov· Posted Oct 1, 2026· Starts Jun 15, 2022 ✓· 20% of score
The Federal Reserve's[2][3] statement is dated 15 June 2022 and marked for release at 2:00 p.m. EDT, matching the June 2022 meeting on its calendar.
- [2]95%FOMC Meeting calendars and information - Federal Reserve Boardfederalreserve.gov· Added Oct 1, 2026· 20% of score
The Federal Reserve's[1][3] own calendar page lists the June 2022 meeting and links its statement, implementation note and press conference.
- [3]95%Summary of Economic Projections, June 2022 - Federal Reserve Boardfederalreserve.gov· Added Oct 1, 2026· 20% of score
The Fed's projection table, whose median federal funds rate figures the pin quotes.[1]
- [4]80%Fed funds rate in June 2022? - Kalshikalshi.com· Added Oct 1, 2026· 20% of score
Kalshi's FED market for the meeting resolved with its highest Yes threshold at "Above 1.50%", and 571 thousand contracts were traded.
- [5]75%Fed Interest Rates June 2022 - Polymarketpolymarket.com· Added Oct 1, 2026· 20% of score
Polymarket's event for the meeting resolved to Yes up to "Above 1.50%" on its threshold ladder, with about $371 thousand traded, independently confirming the outcome.
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