FOMC SEPT 16

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KalshiMacro & economics

Will the rate of CPI inflation be above 3.5% for the year ending in September 2026?

65c

YES · 65% implied

7K

contracts 24h

12K

open interest (contracts)

How this settles

Resolves YES if the BLS-reported CPI 12-month percent change for September 2026 is above 3.5% when expressed to one decimal place.

  • One decimal place, not full precisionThe contract uses the BLS's rounded one-decimal-place figure (e.g., 3.5%), so a true inflation rate of, say, 3.54% rounds to 3.5% and resolves NO, while 3.55% rounds to 3.6% and resolves YES — the rounding threshold is critical near the boundary.
  • Strictly above 3.5%, not at or aboveThe rule says 'more than 3.5%,' so a one-decimal reading of exactly 3.5% resolves NO, meaning traders long YES need the printed figure to be at least 3.6%.
  • Initial release vs. revised print unspecifiedThe BLS occasionally revises CPI figures; the rules cite 'the value reported by the BLS' without specifying whether the initial release or any subsequent revision governs, creating settlement ambiguity if a revision crosses the threshold.

Rules read for this specific contract. Full KXCPIYOY settlement rules →

24h move: +0.0c

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