Question 1 of 20 in Foxes Ask
Started Mar 20, 2020 05:00PM UTC   •   Closing Jun 10, 2020 06:59AM UTC

At close of business on 29 July 2020, will the upper limit of the Federal Reserve's target range for the federal funds rate be lower, the same, or higher than it was at close of business on 10 June 2020?

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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 (Federal Reserve). The target range for the federal funds rate is set by the Federal Open Market Committee (FOMC). Its July meeting is scheduled for 28-29 July 2020.

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Name Probability
Lower 2%
Same 97%
Higher 1%

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