COR 1-1 VIT · 42% SPO 1-2 FCD · 60% ST. 2-1 SAN · 49% ACM 1-1 INT · 42% EST 0-1 LEM · 44% AND 1-2 KVC · 43% SKB 0-2 UNI · 62% BAR 3-0 ALA · 64% AST 1-0 FUL · 46% DEP 0-0 TAL · 37% AJA 2-1 AZA · 51% CAM 1-1 GOA · 46% FCP 2-0 EST · 72% LOS 2-1 AUS · 46% COR 1-1 VIT · 42% SPO 1-2 FCD · 60% ST. 2-1 SAN · 49% ACM 1-1 INT · 42% EST 0-1 LEM · 44% AND 1-2 KVC · 43% SKB 0-2 UNI · 62% BAR 3-0 ALA · 64% AST 1-0 FUL · 46% DEP 0-0 TAL · 37% AJA 2-1 AZA · 51% CAM 1-1 GOA · 46% FCP 2-0 EST · 72% LOS 2-1 AUS · 46%
Economy · Kalshi · Closes Dec 9, 2026

Will the upper bound of the federal funds rate be above 4.00% following the Fed's Dec 9, 2026 meeting?

Fed funds rate after Dec 2026 meeting?

10 AI models
11% yes

0 lean yes · 10 lean no

Kalshi when AIs voted
82% yes

Now 74%

The AIs are 71 points more bearish than Kalshi.

What each AI says

GPT-5.6 Luna

18% yes

Probably not — the Fed just held the upper bound at 4.00%, and moving above it at the very next meeting would require a tightening hike amid a likely still-cautious policy outlook. The main risk is a sharp inflation or financial-conditions shock prompting an unexpected December rate increase.

Claude Sonnet 5

4% yes

Probably not — the Fed just cut on Oct 28 to 3.75-4.00%, and with inflation still a concern and recent cuts already made, a hike at the very next meeting (raising upper bound above 4.00%) is highly unlikely; market expectations favor hold or further cut. Main risk: a surprise inflation spike forcing a hawkish pivot.

Gemini 3.8 Flash

4% yes

Probably not — the current upper bound sits at 4.00%, meaning the Fed would have to hike rates at the December meeting for this to resolve Yes. In the prevailing monetary policy environment, rate hikes are extremely unlikely unless there is an extraordinary and sudden resurgence of inflation. A severe upside inflation shock before December is the only realistic scenario that could force a hike.

Grok 4.6

18% yes

Probably not — the Fed just held the range at 3.75–4.00% on Oct 28 and the next scheduled decision is Dec 9, so a hike would require a sharp, unexpected inflation or growth surprise in the next six weeks. Markets and recent statements point to a pause or possible further easing rather than a reversal into tightening. The main risk is a sudden data shock (hot CPI/PCE or financial-stability event) that forces an emergency hike at that meeting.

DeepSeek V4 Pro

8% yes

Likely no — the Fed just held rates steady at 3.75–4.00% on Oct. 28, 2026, and a hike at the very next meeting would be highly unusual absent a major inflation shock. With only about six weeks between meetings and no current indication of tightening, the most probable outcome is another hold. The main risk would be an unexpected surge in inflation data or hawkish Fed communications before Dec. 9.

Qwen 3.8 Max

7% yes

Probably not — the Fed just held steady at 3.75-4.00% on Oct. 28, and the broader policy trajectory has been toward easing, making a hike above 4.00% by December very unlikely. A rate increase would require a dramatic inflation surprise or economic shock in the next six weeks. The main risk to this call would be an unexpected reacceleration in inflation data forcing the Fed to reverse course.

Mistral Medium 3.5

35% yes

Probably not — The Fed has held rates steady at 3.75%-4.00% for months, and inflation has likely cooled further by December 2026, reducing pressure to hike. The main risk is a surprise inflation uptick or strong labor data forcing a 25bps hike.

Kimi K3

7% yes

Probably not — the Fed just held the range at 3.75%–4.00% on Oct. 28, and getting above 4.00% by Dec. 9 would require a rate hike, which is rare and would contradict the recent easing trajectory implied by the current level. With no reported inflation shock or hawkish pivot in the fresh research, a hold or cut is far more likely than a hike. The main risk is an unexpected inflation surge or hawkish surprise between now and mid-December prompting a 25bp hike.

GLM 5.3

3% yes

Probably not — the upper bound is currently 4.00%, so YES would require the Fed to hike at the Dec. 9 meeting, which is highly unlikely given the Fed has been cutting into 2026 and holding. The realistic outcomes are a hold at 3.75–4.00% or another cut. Only a surprise inflation-driven hike would prove this wrong.

MiMo V2.6 Pro

8% yes

Probably not — the Fed has been cutting or holding rates, with the range at 3.75–4.00% after October's hold, and a hike at the December meeting would be a sharp reversal from the recent easing cycle. Inflation and labor data would need to shift dramatically in the next six weeks to justify a hike. The main risk is an upside inflation shock or a sudden hawkish pivot that makes a hike the consensus move.

News the AIs read (Oct 29)
- The Federal Reserve’s target range is currently 3.75% to 4.00% after the Oct. 28, 2026 FOMC decision, so the upper bound is not above 4.00% right now. - The Fed has a scheduled two-day FOMC meeting on Dec. 8–9, 2026, with the statement set for Dec. 9, 2026. - The most recent official data show the upper limit at 4.00% on Oct. 26, 2026, consistent with the Oct. 28 statement holding the range steady. - The Dec. 8–9 meeting is the next scheduled opportunity for the target range to change, so the question will be decided by the Fed’s post-meeting statement on Dec. 9, 2026.
Resolution rules
If the upper bound of the target federal funds rate published on the Federal Reserve's official website is greater than 4.00% following the Federal Reserve's Dec 9, 2026 meeting, then the market resolves to Yes. This market will expire the first 2:05 PM ET following the release of a Federal Reserve statement for their Dec 9, 2026 meeting or one week following the last day of that meeting.

Market prices: Kalshi. TuringStats is not affiliated with Kalshi.

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