"at the next next meeting which happens on the 1st of May there's a 62.3% chance that they will finally lower them for the first time"
By Andrei Jikh | February 2, 2024 | Incorrect
From video
It Started: Huge Lay Offs, Banks In Trouble, & Interest Rates Are High 00:11:29 - 00:11:34
Interpreted Prediction
The Federal Reserve is predicted to lower interest rates for the first time on May 1st, 2024, with a 62.3% probability.
AI Evaluation Notes
Evaluated on 2026-04-27
The Federal Reserve maintained the federal funds rate at the 5.25%-5.50% range during their May 1, 2024 meeting, meaning no rate cut occurred as predicted.

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