Market price history. From 96¢ on Feb 27, 2026 to 14¢ on Aug 17, 2026. Lowest 12¢ on Aug 6, 2026; highest 96¢ on Feb 27, 2026.
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If the Federal Reserve cuts its target federal funds rate range at least once between February 26, 2026 and December 31, 2026, then the market resolves to Yes.