At close of business on 15 June 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 4 May 2022?
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 May meeting is scheduled for 14-15 June 2022.
The question closed "Higher" with a closing date of 15 June 2022.
|Possible Answer||Correct?||Final Crowd Forecast|
|Number of Forecasters||127|
|average for questions in their first 6 months: 223|
|Number of Forecasts||385|
|average for questions in their first 6 months: 548|
|Accuracy of participants|
|Participants in this question vs. all forecasters||about average|