Before 1 July 2023, will the Federal Reserve announce a cut in the US federal funds rate?
Closed Jul 01, 2023 07:01AM UTC
As the Federal Reserve increases interest rates to combat inflation, there are concerns whether the US will be pushed into recession (JP Morgan, The Hill, US News & World Report). Conditional announcements (e.g., if the labor market deteriorates, if inflation falls) would not count. The last time the Federal Reserve announced a cut to the US federal funds rate was 15 March 2020 (Federal Reserve).
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The question closed "No" with a closing date of 1 July 2023.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Yes | 5.96% | |
| No | 94.04% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 286 |
| Average for questions older than 6 months: 220 | |
| Number of Forecasts | 1282 |
| Average for questions older than 6 months: 615 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
