Will The FOMC Stay With Their March 2024 Indication In Their Statement Of Having 3 Rate Cuts During 2024?
Will The FOMC Stay With Their March 2024 Indication In Their Statement Of Having 3 Rate Cuts During 2024?
32
1kṀ14k
resolved Dec 18
Resolved
YES
FED FUNDS : UNCH (5.25-5.5%)
May 1
FED FUNDS : UNCH (5.25-5.5%)
Jun 12
FED FUNDS : UNCH (5.25-5.5%)
Jul 31
1st Cut - September Meeting 50 basis-point rate cut https://www.cnbc.com/2024/09/18/fed-meeting-live-updates-traders-await-september-interest-rate-cut.html
Sep 18
Federal Reserve lowers interest rates by 0.25 percentage points in second cut of 2024
Nov 7
Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates Published Thu, Nov 14 20243:00 PM EST CNBC
Nov 14
Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates Published Thu, Nov 14 20243:00 PM EST CNBC
Nov 14

Will The FOMC Stay With Their Statement Of 3 Rate Cuts During 2024?

Resolution:

Resolves YES If They Cut 3 Times

Resolves NO If They Cut 1, 2, 4 or more.

CONTEXT:

Fed holds rates steady but indicates three cuts coming sometime this year

CLARIFICATIONS:

  • 03/20/2024: 3 Meetings each with a rate cut satisfies this as YES, no less, no more.

  • 03/25/2024: The meeting which 3 cuts come from, MUST be during a Calendar session, and not an emergency session/intermeeting cuts, etc.

  • This market extends after every meeting.

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@riverwalk3 Clarified:
CLARIFICATIONS:

  • 03/20/2024: 3 Meetings each with a rate cut satisfies this as YES, no less, no more.

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