Larry Summers

The Federal Reserve will not cut interest rates at its March 2024 meeting.

Accurate ●●●●●
“March is completely off the table.”
Said on
2 February 2024 · Bloomberg TV, Wall Street Week with David Westin
Source
Summers Warns of Interest Rates Well Above 3% Through 2030 · Bloomberg (via Yahoo News)
Should come true
20 Mar 2024
How sure they sounded
completely (said he would assume, after the January jobs report)
Categories
MarketsEconomy
Importance
2 of 5 · Timing of one Fed meeting's decision matters mainly to markets.

Outcome

Accurate Happened 20 March 2024.

On March 20, 2024 the FOMC held the federal funds rate at 5.25–5.5% and made no cut, as Summers said.

Evidence:

History
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