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
Closing 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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Possible Answer Crowd Forecast Change in last 24 hours Change in last week Change in last month
Lower 2.00% -1.00% -2.00% -4.00%
Same 72.00% -2.00% +0.00% -10.50%
Higher 26.00% +3.00% +2.00% +14.50%

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