Prediction record

Hiteconomy

The Fed and BOJ will make no monetary policy changes at their June 2024 meetings

A scored record for Arthur Hayes, made on .

BlogPrimary sourceeconomy

Scored record

Hiteconomy

I expect no changes to monetary policy from the Fed or the BOJ

The Fed and BOJ will make no monetary policy changes at their June 2024 meetings

Made on
2024-06-06
Outcome
Hit
Importance
3 / 5
Contribution
+2.76

Criterion

Resolution status
resolved
Resolved on
2024-06-14

Neither the Fed nor the BOJ changes its policy rate/stance at its June 2024 meeting.

Both criteria met at the June meetings: Fed held, BOJ held its policy rate. Nuance to flag for the quantify stage: the BOJ's June decision announced an *intention* to taper JGB purchases (plan finalized July 31), which a strict reading of 'no change in stance' could weigh against; however the actual policy-rate/stance action at the June meeting was a hold. Not scored here.

Sources

  • Group of Fools

    Substack ·

    Source

Outcome evidence

  • At its June 11–12, 2024 FOMC meeting the Fed unanimously held the federal funds target range at 5.25%–5.50% (7th consecutive hold). No policy-rate change.

    Evidence

  • At its June 13–14, 2024 meeting the BOJ kept the uncollateralized overnight call rate at around 0–0.1% (no rate change). It decided (8-1) to reduce JGB purchases 'thereafter' but deferred the detailed reduction plan to the next (July 31) meeting — so no rate/stance change was implemented at the June meeting itself.

    Evidence

Corrections

No public corrections.

Score contribution

+2.76
Confidence
80%
Outcome
Hit
Importance
3 / 5
Contribution
+2.76

This page displays the scored record as published; the website doesn't recompute or adjust the score.

Provenance

The Fed and BOJ will make no monetary policy changes at the…
Methodology version
v1.0.0
Last computed
July 5, 2026
Made on
2024-06-06

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Evidence firstMethodology