Full record

Hiteconomy

The Fed will keep raising rates in 2023 and hold rates elevated in 2024, with a poor macro environment across both years.

A scored prediction by Tom Nash, made on .

VideoQuote from the original sourceeconomy

Scored prediction

Hiteconomy

the FED will keep raising rates in 2023 2024 is going to be elevated interest time as well so the next two years are not going to be good from a macroeconomic perspective

The Fed will keep raising rates in 2023 and hold rates elevated in 2024, with a poor macro environment across both years.

Made on
2022-12-29
Outcome
Hit
Importance
4 / 5
Effect on score
+3.82

What counted as right

Status
resolved
Settled on
2024-12-31

The Fed raises rates further during 2023 and holds policy rates elevated through 2024.

Both clauses satisfied: rates rose further during 2023 (July hike to 5.25-5.50%) and policy rates stayed elevated through 2024 (4.25-4.50% at year-end, well above the pre-2022 near-zero level) despite three late-2024 cuts. The 'poor macro environment' color is softer — growth stayed positive with no recession — but the written criterion is about the rate path, which resolves true. Deadline 2024-12-31 passed.

Sources

  • Elon Musk Just Dropped a Bombshell about Tesla's Future

    YouTube ·

    Source

Evidence of what happened

  • The Fed continued raising in 2023, delivering its final hike of the cycle on 2023-07-26 to a target range of 5.25%-5.50%, a 22-year high.

    Evidence

  • In 2024 the Fed cut three times (Sep -50bp, Nov -25bp, Dec -25bp) but rates remained historically elevated, ending 2024 at 4.25%-4.50%.

    Evidence

Corrections

No public corrections.

Effect on the score

+3.82
How sure they sounded
85%
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 Fed will keep raising rates in 2023 and hold rates elev…
Methodology version
v1.0.0
Last computed
August 2, 2026
Made on
2022-12-29

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