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?
Started
Feb 01, 2019 06:00PM UTC
Closed Aug 01, 2019 06:59AM UTC
Closed Aug 01, 2019 06:59AM UTC
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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).
The question closed "Lower" with a closing date of 1 August 2019 (The Federal Reserve).
See our FAQ to learn about how we resolve questions and how scores are calculated.Possible Answer | Correct? | Final Crowd Forecast |
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Higher | 0% | |
Same | 10% | |
Lower | 90% |
Crowd Forecast Profile
Participation Level | |
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Number of Forecasters | 259 |
Average for questions older than 6 months: 208 | |
Number of Forecasts | 801 |
Average for questions older than 6 months: 589 |
Accuracy | |
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Participants in this question vs. all forecasters | average |