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

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?

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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Possible Answer Crowd Forecast Change in last 24 hours Change in last week Change in last month
Lower 1.00% +0.00% +0.00% -2.00%
Same 18.00% -1.00% -1.00% -11.00%
Higher 81.00% +1.00% +1.00% +13.00%

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