Will the Fed set interest rates above 2.25% (75 bps or more) after their scheduled July meeting?

The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal fund range are made during the Federal Open Market Committee (FOMC) meetings. The resolution source for this market is the FOMC’s statement after the meeting scheduled for July 26-27 according to the official calendar: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm. This market will resolve to “Yes” if the upper bound of the target federal funds rate will be set above 2.25% following the Federal Reserve's July 2022 meeting. Otherwise, this market will resolve to “No.” The level and change of the target federal funds rate is also being published at the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm This market will resolve as soon as the FOMC’s statement for their July meeting with relevant data is issued. If after the conclusion of the scheduled meeting no statement is released by August 3, 2022, 11:59:59 PM ET, then this market will resolve 50-50.