- Start
- Mar 20, 202490% CONFIDENCEfrom the source
Fed Holds Rates at 5.25%-5.50% at the March 2024 FOMC Meeting
- The Federal Open Market Committee decided on 20 March 2024 to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent, with the statement released at 2:00 p.m. EDT[1]
- The statement said job gains had remained strong and the unemployment rate low, and that inflation had eased over the past year but remained elevated[1]
- All twelve voting members voted for the action[1]
- The meeting came with a Summary of Economic Projections, whose median put the federal funds rate at 4.6 percent at the end of 2024 and 3.9 percent at the end of 2025[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 1.6 million contracts traded across its thresholds[4]
- Polymarket's March decision market resolved to No change, with about $282 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/monetary20240320a.htmfederalreserve.gov· Posted Oct 1, 2026· Starts Mar 20, 2024 ✓· 20% of score
The Federal Reserve's[2][3] statement is dated 20 March 2024 and marked for release at 2:00 p.m. ET, matching the 19-20 March meeting on its calendar and the resolution date of the Kalshi[4] and Polymarket[5] decision markets.
- [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 lists the March 19-20 2024 meeting and links its statement, implementation note and press conference.
- [3]95%Summary of Economic Projections, March 2024 - 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 March 2024? - Kalshikalshi.com· Added Oct 1, 2026· 20% of score
Kalshi's FED market for the meeting resolved on 20 March 2024, with its highest Yes threshold at "Above 5.25%", and 1.6 million contracts were traded.
- [5]75%Fed Interest Rates: March 2024 - Polymarketpolymarket.com· Added Oct 1, 2026· 20% of score
Polymarket's event for the meeting resolved to No change, with about $282 thousand traded, independently confirming the outcome.
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