At close of business on 26 July 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 June 2023?

Started Mar 24, 2023 05:00PM UTC
Closed Jul 26, 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 July meeting is scheduled for 25-26 July 2023.

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The question closed "Higher" with a closing date of 26 July 2023.

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Possible Answer Correct? Final Crowd Forecast
Lower 2%
Same 10%
Higher 88%

Crowd Forecast Profile

Participation Level
Number of Forecasters 104
Average for questions older than 6 months: 210
Number of Forecasts 401
Average for questions older than 6 months: 595
Accuracy
Participants in this question vs. all forecasters average

Most Accurate

Relative Brier Score

1.
-0.895
2.
-0.564
3.
-0.464
4.
-0.359
5.
-0.358

Recent Consensus, Probability Over Time

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