Full record
HiteconomyThe Federal Reserve will cut interest rates at least once during 2024.
A scored prediction by Benjamin Cowen, made on .
Scored prediction
Hiteconomy“I do think they're going to cut next year”
The Federal Reserve will cut interest rates at least once during 2024.
- Made on
- 2023-12-14
- Outcome
- Hit
- Importance
- 4 / 5
- Effect on score
- +3.02
What counted as right
- Status
- resolved
- Settled on
- 2024-09-18
The FOMC reduces the federal funds target rate at least once at any meeting before 2024-12-31.
Criterion clearly met: the Fed reduced the target rate at least once (in fact three times) before the 2024-12-31 deadline. First qualifying cut on 2024-09-18.
Sources
FOMC
YouTube ·
Evidence of what happened
The FOMC cut the federal funds target rate by 50 basis points to a range of 4.75%–5.00% at its September 17–18, 2024 meeting — the first cut of 2024 — satisfying the 'at least once before 2024-12-31' criterion. (Two further cuts followed: 25 bps on Nov 7 and 25 bps on Dec 18, 2024.)
Contemporaneous reporting confirming the Sept 18, 2024 half-point cut was the Fed's first rate reduction in four years, lowering the funds rate to 4.75%–5%.
Corrections
No public corrections.
Effect on the score
+3.02- How sure they sounded
- 65%
- Outcome
- Hit
- Importance
- 4 / 5
This page shows the scored prediction as published; the site doesn't recompute or adjust the score.
Where this came from
The Federal Reserve will cut interest rates at least once d…- Methodology version
- v1.0.0
- Last computed
- August 2, 2026
- Made on
- 2023-12-14
How this profile was built
Scored by independent judges
Predictions gathered and sourced
Independently verified against sources