Before 13 June 2024, will the Federal Reserve announce a cut in the US federal funds rate?
Closed Jun 13, 2024 07:01AM UTC
As the Federal Reserve has increased interest rates to combat inflation, there are concerns whether the US will be pushed into recession (Yahoo Finance, CNBC). Conditional announcements (e.g., if the labor market deteriorates, if inflation falls) would not count, and the date a cut would take effect is immaterial. 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 13 June 2024.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Yes | 7% | |
| No | 93% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 351 |
| Average for questions older than 6 months: 200 | |
| Number of Forecasts | 1378 |
| Average for questions older than 6 months: 571 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
