"If the Fed were to cut interest rates by 3%, that that would drop the rates from the 4.5% to 1.5%."
Interpreted Prediction
A 3% cut in the Fed funds rate would bring it down to 1.5% from 4.5%.
AI Evaluation Notes
The prediction stated that a 3% cut would bring the Fed Funds rate to 1.5%. The current rate is actually 5.33%. Therefore, the prediction is very inaccurate.