At close of business on 26 January 2022, 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 15 December 2021?
The US 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 January meeting is scheduled for 25-26 January 2022.
The question closed "Same" with a closing date of 26 January 2022.
|Possible Answer||Correct?||Final Crowd Forecast|
|Number of Forecasters||101|
|average for questions older than 6 months: 259|
|Number of Forecasts||225|
|average for questions older than 6 months: 688|
|Accuracy of participants|
|Participants in this question vs. all forecasters||about average|