What will be the Federal Reserve's median projection for the federal funds rate for 2025 in its December 2024 projection materials?
Closing Dec 18, 2024 08:01AM UTC
In the Federal Reserve's projection materials released on 18 September 2024, the median projection for the federal funds rate for 2025 (specifically, "value of the midpoint of the projected appropriate target range for the federal funds rate or the projected appropriate target level for the federal funds rate at the end of the specified calendar year") was 3.4%, down from the 4.1% projection released in June 2024 (Federal Reserve - FOMC Projection Materials September 2024, see "Table 1," Conference Board). The question will be suspended on 17 December 2024 and the outcome determined using the next projection materials released by the Federal Open Market Committee (FOMC), expected on the second day of its two-day meeting scheduled for 17-18 December 2024 (Federal Reserve).
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| Possible Answer | Crowd Forecast | Change in last 24 hours | Change in last week |
|---|---|---|---|
| Lower than 3.1% | 10.90% | -0.30% | -0.30% |
| At least 3.1%, but less than 3.4% | 27.20% | -1.40% | -1.90% |
| 3.4% | 23.70% | +0.40% | +3.90% |
| Higher than 3.4%, but at most 3.7% | 31.30% | +1.00% | -1.00% |
| Higher than 3.7% | 6.90% | +0.30% | -0.70% |