At close of business on 1 February 2023, 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 14 December 2022?

Started Sep 23, 2022 05:00PM UTC
Closed Feb 01, 2023 08:01AM UTC

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/February meeting is scheduled for 31 January - 1 February 2023.

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The question closed "Higher" with a closing date of 1 February 2023.

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Possible Answer Correct? Final Crowd Forecast
Lower 2%
Same 8%
Higher 90%

Crowd Forecast Profile

Participation Level
Number of Forecasters 84
Average for questions older than 6 months: 208
Number of Forecasts 318
Average for questions older than 6 months: 589
Accuracy
Participants in this question vs. all forecasters average

Most Accurate

Relative Brier Score

1.
-0.199
2.
-0.192
3.
-0.189
4.
-0.185
5.
-0.175

Recent Consensus, Probability Over Time

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