Prediction record

Hiteconomy

The Federal Reserve will make its first interest-rate cut of the cycle in September 2024.

A scored record for Benjamin Cowen, made on .

VideoPrimary sourceeconomy

Scored record

Hiteconomy

with the most likely outcome at this time I still believe is is not until September

The Federal Reserve will make its first interest-rate cut of the cycle in September 2024.

Made on
2024-06-07
Outcome
Hit
Importance
4 / 5
Contribution
+3.68

Criterion

Resolution status
resolved
Resolved on
2024-09-18

The FOMC announces the first rate cut of the easing cycle at its September 2024 meeting (first cut occurs in September 2024, not earlier or later).

Primary source (Federal Reserve press release) confirms the first cut of the easing cycle was announced at the September 2024 FOMC meeting. No cut occurred before September 2024 (prior cut was 2020 COVID emergency, a different cycle) and the cut did land in September, so the 'first cut in September, not earlier or later' criterion is met exactly.

Sources

  • The Labor Market

    YouTube ·

    Source

Outcome evidence

  • Official FOMC statement (Sept 18, 2024): 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. This was the first rate cut of the easing cycle, occurring at the September 2024 meeting.

    Evidence

  • CNBC: Fed enacted its first interest-rate cut since the early days of the Covid pandemic on Sept 18, 2024, a 50bp reduction — the first cut in four years, confirming it is the cycle's first cut and that it occurred in September (not earlier).

    Evidence

Corrections

No public corrections.

Score contribution

+3.68
Confidence
80%
Outcome
Hit
Importance
4 / 5
Contribution
+3.68

This page displays the scored record as published; the website doesn't recompute or adjust the score.

Provenance

The Federal Reserve will make its first interest-rate cut o…
Methodology version
v1.0.0
Last computed
July 18, 2026
Made on
2024-06-07

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Evidence firstMethodology