At close of business on 7 November 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 18 September 2024?
Closed Nov 07, 2024 08:01AM 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 November meeting is scheduled for 6-7 November 2024.
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The question closed "Lower" with a closing date of 7 November 2024.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Lower | 97% | |
| Same | 3% | |
| Higher | 0% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 37 |
| Average for questions in their first 6 months: 164 | |
| Number of Forecasts | 260 |
| Average for questions in their first 6 months: 431 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
