US Federal Rate on Sep 16, 2008

• 75%
  accuracy

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On Aug 5, the Federal Open Market Committee decided to keep its target for the federal funds rate at 2%. Economic activity expanded in the second quarter, partly reflecting growth in consumer spending and exports. However, labor markets have softened further and financial markets remain under considerable stress. Tight credit conditions, the ongoing housing contraction, and elevated energy prices are likely to weigh on economic growth over the next few quarters.

Will US Federal Reserve continue to lower the interest rate to rescue bad debts? or will it rise the rate to counter high inflation?

Latest target rate for your reference:
http://www.bloomberg.com/...

Federal Reserve FOMC meeting schedule:
http://www.federalreserve...

Community Prediction in Chance

Community Accuracy:  75%

Top Predictor:   Homer (100% Accuracy)

(show accuracy distribution▼)

Rank Accuracy A >= 90% B >= 80% C >= 70% D >= 60% E >= 40% F < 40%

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	ZiiValue (chance)	Answer	MyValue (0% to 100% chance)	Possible Outcomes
	23%			Increases above 2%
	73%			Remains at 2%
	4%			Decreases below 2%

STEP 2:  Comment

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