Question 58 of 131 in In the News 2021
Started Jan 29, 2021 06:00PM UTC   •   Closing Jun 16, 2021 07:01AM UTC

At close of business on 16 June 2021, 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 28 April 2021?

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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 June meeting is scheduled for 15-16 June 2021.

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Name Probability
Lower 0%
Same 98%
Higher 2%

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