Full record
HiteconomyThe Federal Reserve will cut interest rates at its September 17–18, 2024 FOMC meeting
A scored prediction by Tom Lee, made on .
Scored prediction
Hiteconomy“the FED is pretty much getting the green light no matter what to cut next week”
The Federal Reserve will cut interest rates at its September 17–18, 2024 FOMC meeting
- Made on
- 2024-09-12
- Outcome
- Hit
- Importance
- 4 / 5
- Effect on score
- +3.92
What counted as right
- Status
- resolved
- Settled on
- 2024-09-18
the FOMC announces a reduction in the federal funds target rate at its September 2024 meeting
Criterion: the FOMC announces a reduction in the federal funds target rate at its September 2024 meeting. Directly satisfied — the Fed cut by 50 bps on 2024-09-18, the meeting date and the deadline. The prediction did not specify a cut magnitude, only that a cut would occur, so the 50 bps (vs. 25 bps) outcome is immaterial to the written criterion. Authoritative primary source: the FOMC's own Sept 18, 2024 statement (federalreserve.gov). No conflicting evidence.
Sources
The Fed: Green Light to Cut? 🚥🟢
YouTube ·
Evidence of what happened
At its September 17–18, 2024 FOMC meeting, the Federal Reserve announced a 50-basis-point cut to the federal funds target rate, lowering it to a range of 4.75%–5.00% — the first rate reduction since 2020. Eleven of twelve FOMC members voted for the cut (Gov. Bowman dissented, preferring 25 bps).
Corroborating coverage confirming the FOMC cut rates by 50 bps at the September 2024 meeting, with the SEP dot plot signaling further cuts in 2024.
Corrections
No public corrections.
Effect on the score
+3.92- How sure they sounded
- 90%
- 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 its Septembe…- Methodology version
- v1.0.0
- Last computed
- August 5, 2026
- Made on
- 2024-09-12
How this profile was built
Scored by independent judges
Predictions gathered and sourced
Independently verified against sources