Will fed target rates be lower at the end of 2023 than they were in the beginning?
23
Ṁ430Ṁ9kresolved Dec 16
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Beginning of 2023 the target rates were 4.25-4.5%, the last FOMC meeting of 2023 will be December 12-13, 2023. The market will resolve “YES” if after the last meeting the target rates will be 4.00-4.25% or lower.
Clarification: if rate is 4.25-4.5% then it is not lower and will resolve "NO."
This question is managed and resolved by Manifold.
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After the last (scheduled) meeting of the year, the target range is 5.25–5.50%:
https://www.federalreserve.gov/newsevents/pressreleases/monetary20231213a.htm
In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent.
Resolves NO @IlyaXValmianski
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