Full record
HiteconomyThe Federal Reserve will cut interest rates at the December 2024 FOMC meeting.
A scored prediction by Tom Lee, made on .
Scored prediction
Hiteconomy“heading into the FED meeting where they're likely going to cut”
The Federal Reserve will cut interest rates at the December 2024 FOMC meeting.
- Made on
- 2024-12-11
- Outcome
- Hit
- Importance
- 3 / 5
- Effect on score
- +2.76
What counted as right
- Status
- resolved
- Settled on
- 2024-12-18
The FOMC lowers the federal funds target range at its December 2024 meeting (announced 2024-12-18).
Unambiguous: the FOMC lowered the federal funds target range at its December 2024 meeting, announced 2024-12-18, exactly as the criterion specifies.
Sources
Minor Loss, No Real Damage? 🤔
YouTube ·
Evidence of what happened
Primary source: FOMC statement released 2:00 p.m. EST December 18, 2024 announced the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/4 to 4-1/2 percent (4.25%-4.50%) — a rate cut at the December 2024 meeting, satisfying the criterion. (One dissent: Cleveland Fed President Beth Hammack preferred to hold.)
Corroborating reporting: CNBC and J.P. Morgan confirm the Fed cut rates by 25 basis points on Dec 18, 2024 (third consecutive cut of 2024) to a 4.25%-4.50% target range.
Corrections
No public corrections.
Effect on the score
+2.76- How sure they sounded
- 80%
- Outcome
- Hit
- Importance
- 3 / 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 the December…- Methodology version
- v1.0.0
- Last computed
- August 5, 2026
- Made on
- 2024-12-11
How this profile was built
Scored by independent judges
Predictions gathered and sourced
Independently verified against sources