What will the Federal Open Market Committee decide to do with respect to the federal funds rate at its scheduled December 2017 meeting?
Started
Sep 19, 2017 05:00PM UTC
Closed Dec 13, 2017 07:59AM UTC
Closed Dec 13, 2017 07:59AM UTC
The U.S. 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 (Investopedia). The target for the federal funds rate is set by the Federal Open Market Committee. The December meeting is scheduled for 12-13 December 2017.
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The FOMC raised the federal funds rate by 1/4 percentage point (The Federal Reserve). This question closed as "c) raise."
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Lower | 0% | |
| Maintain | 5% | |
| Raise | 95% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 194 |
| Average for questions older than 6 months: 207 | |
| Number of Forecasts | 610 |
| Average for questions older than 6 months: 587 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
