Tracks how many times the Federal Reserve cuts the federal funds rate within a calendar year.
Settles on
Settles on the count of FOMC rate cuts the Federal Reserve announces during the year. Every 25 basis points of cuts counts as one cut (a 50bp cut counts as two, a 75bp cut as three, and so on).
Structure
One market per exact cut count for the year (e.g. 'exactly 9 cuts'); a single event covering the full calendar year.