The CFA Society Los Angeles asks
What will the Federal Open Market Committee decide to do with respect to the federal funds rate at its scheduled March 2017 meeting?
Started
Feb 16, 2017 06:00PM UTC
Closed Mar 15, 2017 06:59AM UTC
Closed Mar 15, 2017 06:59AM UTC
Tags
The U.S. federal funds rate is the interest rate charged for overnight lending among financial institutions with accounts at the Federal Reserve and sets the base rate for borrowing costs across the financial system (Investopedia). The target for the federal funds rate is set by the Federal Open Market Committee. The March meeting is scheduled for 14-15 March 2017.
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Possible Answer | Correct? | Final Crowd Forecast |
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Lower | 0% | |
Maintain | 3% | |
Raise | 97% |
Crowd Forecast Profile
Participation Level | |
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Number of Forecasters | 300 |
Average for questions older than 6 months: 125 | |
Number of Forecasts | 656 |
Average for questions older than 6 months: 349 |
Accuracy | |
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Participants in this question vs. all forecasters | average |