Interpreted Prediction
Predicted rate cuts and a deflationary bust or shock by March 2024, citing CME pricing.
AI Evaluation Notes
The prediction of rate cuts by March 2024 was incorrect, as the Federal Reserve maintained the federal funds rate at 5.25%-5.5% during its March 2024 meeting. Furthermore, instead of a deflationary bust or shock, inflation ticked slightly higher in March 2024, and the US economy showed resilience and strong growth.
Prediction Details
Target
Rate cuts and a deflationary bust/shock
Predicted
date
2024-03-31