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 - 50 basis-point rate cut

• NOVEMBER 2024 : 2nd Cut - 25 basis-point rate cut

• DECEMBER 2024 : TBD

  

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