- Start
- Dec 14, 202290% CONFIDENCEfrom the source
Fed Raises Rates Half a Point to 4.25%-4.50% at the December 2022 FOMC Meeting
- The Federal Open Market Committee decided on 14 December 2022 to raise the target range for the federal funds rate by 1/2 percentage point to 4.25%-4.50%, with the statement released at 2:00 p.m. EST[1]
- The statement opened: "Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low."[1]
- All 12 voting members voted for the action[1]
- The meeting came with a Summary of Economic Projections, whose median put the federal funds rate at 4.4 percent at the end of 2022 and 5.1 percent at the end of 2023[3]
- Kalshi's Fed funds rate market for the month resolved Yes up to "Above 4.25%" and No above it, an upper bound of 4.50%, with 1.3 million contracts traded across its thresholds[4]
- Polymarket's December rate market resolved to a 50 bps increase, with about $95 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/monetary20221214a.htmfederalreserve.gov· Posted Oct 1, 2026· Starts Dec 14, 2022 ✓· 20% of score
The Federal Reserve's[2][3] statement is dated 14 December 2022 and marked for release at 2:00 p.m. EST, matching the December 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 December 2022 meeting and links its statement, implementation note and press conference.
- [3]95%Summary of Economic Projections, December 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 December 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 4.25%", and 1.3 million contracts were traded.
- [5]75%Fed Interest Rates December 2022 - Polymarketpolymarket.com· Added Oct 1, 2026· 20% of score
Polymarket's event for the meeting resolved to a 50 bps increase, with about $95 thousand traded, independently confirming the outcome.
Suggest a correction
Something missing or wrong? Say it in your own words: a link that backs this pin up, a different start or end date and why, or a fact it lacks or gets wrong. The AI checks it against this pin's sources, searches for better ones, and adds any page that backs you up. The pin's own sources still count most. A picture that shows something else, or shows it badly, is looked at too, and moved down or replaced.
