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?
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: 206 | |
| Number of Forecasts | 401 |
| Average for questions older than 6 months: 585 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
