Full record
HiteconomyThe Federal Reserve begins a rate-cutting cycle in 2024.
A scored prediction by Tom Nash, made on .
Scored prediction
Hiteconomy“it's also talking about the fact that this point rate cuts by the FED are certain and I agree with him”
The Federal Reserve begins a rate-cutting cycle in 2024.
- Made on
- 2024-08-21
- Outcome
- Hit
- Importance
- 4 / 5
- Effect on score
- +3.99
What counted as right
- Status
- resolved
- Settled on
- 2024-09-18
The FOMC lowers the federal funds target range at least once between 2024-08-21 and 2024-12-31, per the published FOMC statements.
Criterion required at least one reduction of the federal funds target range between 2024-08-21 and 2024-12-31 per published FOMC statements. Three reductions occurred (Sep 18, Nov 7, Dec 18, 2024), totalling 100bp from 5.25-5.50% to 4.25-4.50%. Evidence is the primary source (Federal Reserve press releases). No conflicting evidence. Resolved_on set to the date the criterion was first satisfied.
Sources
This Is The Best Investing Opportunity in 2024 (Don't Miss It)
YouTube (Tom Nash) ·
Evidence of what happened
FOMC statement of 2024-09-18: "the Committee decided to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent" - the first cut of the cycle, inside the 2024-08-21 to 2024-12-31 window.
FOMC statement of 2024-11-07: lowered the target range by 1/4 percentage point to 4-1/2 to 4-3/4 percent (second cut in the window).
FOMC statement of 2024-12-18: lowered the target range by 1/4 percentage point to 4-1/4 to 4-1/2 percent (third cut in the window).
Corrections
No public corrections.
Effect on the score
+3.99- How sure they sounded
- 97%
- 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 begins a rate-cutting cycle in 2024.- Methodology version
- v1.0.0
- Last computed
- August 2, 2026
- Made on
- 2024-08-21
How this profile was built
Scored by independent judges
Predictions gathered and sourced
Independently verified against sources