The Federal Reserve will cut interest rates by 0.50 percentage points (a double cut) in September 2024

A scored prediction by Tom Nash, made on 2024-08-08.

VideoQuote from the original sourceeconomy

Scored prediction

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“the emergency rate cut is going to come in September in the form of a point five decrease”

The Federal Reserve will cut interest rates by 0.50 percentage points (a double cut) in September 2024

Fed cuts the policy rate by 50 basis points at the September 2024 FOMC meeting.

Criterion (50 bps cut at the September 2024 meeting) satisfied exactly; magnitude was precisely 50 bps.

IT'S STARTING: THE FED IS ABOUT TO FLIP THE STOCK MARKET
YouTube · 2024-08-08
Source

The Sep 17-18, 2024 FOMC cut the target range by exactly 50 bps (a 'double cut') to 4.75%-5.00% from 5.25%-5.50% — the first non-emergency 50 bps cut since 2008.
Evidence
Reporting confirms the September 2024 move was a half-point (50 bps) reduction.
Evidence

No public corrections.

+3.02

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The Federal Reserve will cut interest rates by 0.50 percent…