The CFA Society Los Angeles asks
Will the Federal Open Market Committee decide to raise the interest rate on excess reserve balances at or before its scheduled September 2017 meeting?
Started
Feb 24, 2017 06:00PM UTC
Closed Mar 15, 2017 05:00PM UTC
Closed Mar 15, 2017 05:00PM UTC
Tags
This question was closed as "yes" with an end date of 15 March 2017 (Federa Reserve).
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The Interest on Excess Reserves (IOER), is the interest paid by the Federal Reserve Bank to its depository institutions on balances that exceed the reserves they are required to hold (Federal Reserve). The IOER is set by the Federal Open Market Comittee (FOMC) and detailed in the implementation notes of the monthly meeting (Federal Reserve). At the January 2017 meeting, the FOMC voted to maintain the interest rate paid on excess reserve balances at 0.75 percent (Federal Reserve). The September 2017 meeting is scheduled for 19-20 September. Confused? Check our FAQ or ask us for help.
If you liked this question, you might also enjoy forecasting on whether Egypt’s GDP growth rate for their 2016/2017 fiscal year equal or exceed 5% or on what the European Central Bank (ECB) will do with respect to the deposit rate .
The Interest on Excess Reserves (IOER), is the interest paid by the Federal Reserve Bank to its depository institutions on balances that exceed the reserves they are required to hold (Federal Reserve). The IOER is set by the Federal Open Market Comittee (FOMC) and detailed in the implementation notes of the monthly meeting (Federal Reserve). At the January 2017 meeting, the FOMC voted to maintain the interest rate paid on excess reserve balances at 0.75 percent (Federal Reserve). The September 2017 meeting is scheduled for 19-20 September. Confused? Check our FAQ or ask us for help.
If you liked this question, you might also enjoy forecasting on whether Egypt’s GDP growth rate for their 2016/2017 fiscal year equal or exceed 5% or on what the European Central Bank (ECB) will do with respect to the deposit rate .
| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Yes | 98.50% | |
| No | 1.50% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 190 |
| Average for questions older than 6 months: 187 | |
| Number of Forecasts | 272 |
| Average for questions older than 6 months: 542 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
