At close of business on 18 December 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 7 November 2024?
Started
Aug 02, 2024 05:00PM UTC
Closed Dec 18, 2024 08:01AM UTC
Closed Dec 18, 2024 08:01AM UTC
Challenges
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 December meeting is scheduled for 17-18 December 2024.
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| Possible Answer | Final Crowd Forecast |
|---|---|
| Lower | 99% |
| Same | 1% |
| Higher | 0% |