Will The FOMC Stay With Their March 2024 Indication In Their Statement Of Penciling In 0.75% Total Rate Cut During 2024?
Resolution:
Resolves YES If They Cut 0.75% In Total
Resolves NO If They Cut Less than 0.75% In Total
Resolves NO If They Cut More than 0.75% In Total
CONTEXT:
Fed holds rates steady but indicates three cuts coming sometime this year
CLARIFICATIONS/NOTES
This market extends after every meeting.
JANUARY 2024 : RATES HELD
MARCH 2024 : RATES HELD
APRIL/MAY 2024 : RATES HELD
JUNE 2024 : RATES HELD
JULY 2024 : RATES HELD
SEPTEMBER 2024 : 1st Cut - September Meeting
50 basis-point rate cut
NOVEMBER 2024 : TBD
DECEMBER 2024 : TBD
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SIMILAR MARKET
September 2024 Meeting
50 basis-point rate cut