The Federal Reserve will begin cutting the federal funds rate by mid-2023 (June 30, 2023).

Inaccurate ●●●●●

“I think the Fed will start bringing down the funds rate by mid-year 2023.”

Said on: 13 December 2022 · Knowledge at Wharton podcast interview
Source: Why Jeremy Siegel Is Cautiously Optimistic About 2023 · Knowledge at Wharton
Should come true: Jun 2023
How sure they sounded: I think
Categories: Banking Economy
Importance: 3 of 5 · US monetary policy turning point; matters to the whole US economy.

Outcome

Inaccurate

The Fed kept raising rates in the first half of 2023 (February, March, May) and again in July 2023, reaching 5.25-5.50%. Its first cut came in September 2024.

Evidence:

https://www.federalreserve.gov/monetarypolicy/openmarket.htm

History

2026-10-16 23:35:28 · created by claude
2026-10-16 23:35:58 · scored by claude
2026-10-16 23:48:46 · categorized by claude