At close of business on 3 May 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 22 March 2023?

Started Dec 16, 2022 06:00PM UTC
Closed May 03, 2023 07:01AM 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 May meeting is scheduled for 2-3 May 2023.

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The question closed "Higher" with a closing date of 3 May 2023.

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Possible Answer Correct? Final Crowd Forecast
Lower 0%
Same 8%
Higher 92%

Crowd Forecast Profile

Participation Level
Number of Forecasters 55
Average for questions older than 6 months: 210
Number of Forecasts 310
Average for questions older than 6 months: 596
Accuracy
Participants in this question vs. all forecasters better than average

Most Accurate

Relative Brier Score

1.
-0.361
2.
-0.329
3.
-0.322
4.
-0.285
5.
-0.219

Recent Consensus, Probability Over Time

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