Started Feb 01, 2019 06:00PM UTC   •   Closing Aug 01, 2019 06:59AM UTC

On 1 August 2019, will the upper limit of the Federal Reserve's target range for the federal funds rate be higher, the same, or lower than it was on 31 January 2019?

The U.S. federal funds rate is the interest rate charged for overnight lending among financial institutions with accounts at the Federal Reserve and sets the base rate for borrowing costs across the financial system (Investopedia, The Federal Reserve). The upper limit of the range, set by the Federal Open Market Committee, was 2.5% at the end of the trading day on 31 January 2019 (The Federal Reserve, The Federal Reserve).

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Name Probability
Higher 5%
Same 65%
Lower 30%

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