Question 17 of 112 in In the News 2020
Started Jul 31, 2020 05:00PM UTC   •   Closing Dec 16, 2020 07:59AM UTC

At close of business on 16 December 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 5 November 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 December meeting is scheduled for 15-16 December 2020.

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Name Probability
Lower 3%
Same 97%
Higher 0%

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