- Start
- Dec 13, 202390% CONFIDENCEfrom the source
Fed Holds Rates at 5.25%-5.50% at the December 2023 FOMC Meeting
- The Federal Open Market Committee decided on 13 December 2023 to keep the target range for the federal funds rate at 5.25%-5.50%, with the statement released at 2:00 p.m. EST[1]
- The statement opened: "Recent indicators suggest that growth of economic activity has slowed from its strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, 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 5.4 percent at the end of 2023 and 4.6 percent at the end of 2024[3]
- Kalshi's Fed funds rate market for the month resolved Yes up to "Above 5.25%" and No above it, an upper bound of 5.50%, with 593 thousand contracts traded across its thresholds[4]
- Polymarket's December rate market resolved to no change, with about $57 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/monetary20231213a.htmfederalreserve.gov· Posted Oct 1, 2026· Starts Dec 13, 2023 ✓· 20% of score
The Federal Reserve's[2][3] statement is dated 13 December 2023 and marked for release at 2:00 p.m. EST, matching the December 2023 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 2023 meeting and links its statement, implementation note and press conference.
- [3]95%Summary of Economic Projections, December 2023 - 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 2023? - Kalshikalshi.com· Added Oct 1, 2026· 20% of score
Kalshi's FED market for the meeting resolved with its highest Yes threshold at "Above 5.25%", and 593 thousand contracts were traded.
- [5]75%Fed Interest Rates: December 2023 - Polymarketpolymarket.com· Added Oct 1, 2026· 20% of score
Polymarket's event for the meeting resolved to no change, with about $57 thousand traded, independently confirming the outcome.
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