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Created Fri 18th Jul 2008 5:10am PST by beans

What will the Federal Reserve do with the benchmark interest rate at the next meeting in September?

Settled as They will leave rates unchanged

Settled as 'leave rates unchanged'
<<WASHINGTON (Reuters) - The Federal Reserve held its key benchmark U.S. interest rate steady on Tuesday, opting for the time being to soothe rattled financial markets with central bank lending facilities rather than rate cuts.
U.S. central bank's decision leaves the interbank overnight federal funds rate at 2 percent, where it has been since April.>>
http://biz.yahoo.com/rb/080916/fed_rates_decision.html

Background:

Background: The Fed meets on September 16, 2008 and are scheduled to announce at 2:15 pm ET.

Questions suspends at 9:00 AM EDT, 9/15/08.

Settlement details:As reported by a major mainstream news source.

 
Forecast history %
They will raise rates
0%
They will leave rates unchanged
12%
They will lower rates
88%
Settled as They will leave rates unchanged on Tue 16th Sep 2008 12:15pm PST

Suspend date: Tue 16th Sep 2008 5am PST
Settlement date: Tue 16th Sep 2008 12:15pm PST
Prediction cut-off: Predictions on this question after Tue 16th Sep 2008 5am PST have been voided because they were made after the question could be settled

Initial likelihoods: They will raise rates: 20%, They will leave rates unchanged: 45%, They will lower rates: 35%

Action history:

Created Fri 18th Jul 2008 5:10am PST by beans
Suspended Tue 16th Sep 2008 5am PST : Suspend date reached
Settled as 'They will leave rates unchanged' Tue 16th Sep 2008 12:15pm PST by bayoubear[Admin]: Settled as 'leave rates unchanged'
<<WASHINGTON (Reuters) - The Federal Reserve held its key benchmark U.S. interest rate steady on Tuesday, opting for the time being to soothe rattled financial markets with central bank lending facilities rather than rate cuts.
U.S. central bank's decision leaves the interbank overnight federal funds rate at 2 percent, where it has been since April.>>
http://biz.yahoo.com/rb/080916/fed_rates_decision.html

Suspend date: Tue 16th Sep 2008 5am PST
Settlement date: Tue 16th Sep 2008 12:15pm PST
Prediction cut-off: Predictions on this question after Tue 16th Sep 2008 5am PST have been voided because they were made after the question could be settled details

 

Predictions (67)

41 weeks ago
xxxjetxxx predicted They will lower rates (H$1,418 at 86%)
41 weeks ago
keyeshoveden[Power User] predicted They will lower rates (H$500 at 83%)
41 weeks ago
xxxjetxxx predicted They will lower rates (H$20 at 82%)
41 weeks ago
xxxjetxxx predicted They will raise rates (H$10 at 0%)
41 weeks ago
slick predicted They will leave rates unchanged (H$500 at 13%)

Comments (6)

  1 cognos
Well done question. Thanks beans.
posted 50 weeks ago
  2 coolkraft
FYI

http://www.bloomberg.com/apps/news?pid=20601087&sid=acm2_4j.NiZE&refer=home
posted 50 weeks ago
  3 coolkraft
FYI

http://www.bloomberg.com/apps/news?pid=20601068&sid=aXzLcq31PuJ8&refer=home
posted 49 weeks ago
  4 bayoubear[Admin]
Yep...great question....but adjustments are needed to your closing time....statement says that announcement will be made at 2:15 Eastern, but question doesn't suspend until midnight...gonna adjust the time to 9 AM EDT
posted 43 weeks ago
  5 hope_cruor
Good question :) I bet the bank. lol
posted 43 weeks ago
  6 pixelpaws
The problem is that if the Fed lowers interest rates, the dollar will weaken even further and the economy will possibly stumble directly over a cliff. While inflation isn't as much of a concern now, they can't just let the dollar fall apart like that.
posted 41 weeks ago

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