Market question: Fed emergency rate cut in August?
Category: Other
Tags: economics, Economy, Fed Rates, Business

This market will resolve to "Yes" if the Federal Open Market Committee (FOMC) holds an emergency meeting after which the upper bound of the target federal funds rate is lowered between August 4 and August 31, 2024, 11:59 PM ET. Otherwise, this market will resolve to "No".

An emergency meeting is defined as any unscheduled meeting called by the Federal Reserve Board or the Federal Open Market Committee (FOMC) apart from the regular eight pre-scheduled meetings for 2024.

The resolution source will be official announcements from the Federal Reserve’s website (federalreserve.gov) or credible news sources reporting on the emergency meeting.

Outcome: No