Will the Fed make an emergency unscheduled rate cut in August 2024?
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resolved Sep 1
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NO

Resolves YES if in August 2024, the Fed cuts the fed funds rate outside of one of their scheduled meetings: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm.

See the red highlighted actions in https://en.wikipedia.org/wiki/History_of_Federal_Open_Market_Committee_actions#Historical_actions for historical examples - the most recent was an emergency rate cut at the beginning of the Covid pandemic.

Context: https://finance.yahoo.com/news/bond-traders-bet-big-fed-190000721.html "Traders now see a roughly 60% chance of an emergency quarter-point cut within one week."

Treasuries Surge as Traders Bet on Emergency Fed Rate Cut
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#Economics
#Federal reserve
#Interest Rates
#Inflation
#Global Macro
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