Before 21 March 2024, will the Federal Reserve announce a cut in the US federal funds rate?
Closed Mar 21, 2024 07:01AM UTC
As the Federal Reserve increases interest rates to combat inflation, there are concerns whether the US will be pushed into recession (USA Today, AP, CNBC). Conditional announcements (e.g., if the labor market deteriorates, if inflation falls) would not count. The last time the Federal Reserve announced a cut to the US federal funds rate was 15 March 2020 (Federal Reserve).
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The question closed "No" with a closing date of 21 March 2024.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Yes | 1.51% | |
| No | 98.49% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 152 |
| Average for questions older than 6 months: 206 | |
| Number of Forecasts | 668 |
| Average for questions older than 6 months: 584 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | better than average |
