At close of business on 1 May 2024, 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 20 March 2024?
Closed May 01, 2024 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 April/May meeting is scheduled for 30 April - 1 May 2024.
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The question closed "Same" with a closing date of 1 May 2024.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Lower | 0% | |
| Same | 99% | |
| Higher | 1% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 67 |
| Average for questions older than 6 months: 187 | |
| Number of Forecasts | 258 |
| Average for questions older than 6 months: 542 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
