Graham Stephan: Fed policy rate will fall

Said on Mar 19, 2025, at 14:44 in the video.

What was said
Graham Stephan

@grahamstephan

“I bet we probably see two small rate cuts at some point this year”
Watch at 14:44BREAKING: Federal Reserve Freezes Rates, Downplays Recession, Market Skyrockets!
PredictionFed policy ratewill fallby Dec 31, 2025
What happenedafter 1 year
Correct

Reading when said

4.5%

Mar 19, 2025

Reading at close

3.75%

Mar 19, 2026

Change

−0.75 pp

The policy rate was 4.50% at the start of the window and 3.75% on Mar 19, 2026, a net change of −0.75 pp. The largest cut inside the window was 75 basis points. The stated threshold was 25 basis points.

30 days

Incorrect

90 days

Incorrect

180 days

Incorrect

1 year

Correct

The window it was checked over

Fed policy rateWindow checkedRecession (NBER)
0%1%2%3%4%5%6%202220232023202420252026Said on Mar 19, 2025
0%2%4%6%2022202320252026Said on Mar 19, 2025

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

Result at every window

All windows are shown, so none is picked
Result at every window
WindowResultAt the startAt the endChangeBenchmark
30 daysR-FED v4Incorrect4.5%4.5%Apr 18, 20250.00 pp—
90 daysR-FED v4Incorrect4.5%4.5%Jun 17, 20250.00 pp—
180 daysR-FED v4Incorrect4.5%4.5%Sep 15, 20250.00 pp—
1 yearR-FED v4Correct4.5%3.75%Mar 19, 2026−0.75 pp—
3 yearsR-FED v4Pending——Mar 18, 2028——
5 yearsR-FED v4Pending——Mar 18, 2030——
Stated deadlineR-FED v4Correct4.5%3.75%Dec 31, 2025−0.75 pp—
Why: 30 days

The policy rate was 4.50% at the start of the window and 4.50% on Apr 18, 2025, a net change of 0.00 pp. The largest cut inside the window was 0 basis points. The stated threshold was 25 basis points.

Why: 90 days

The policy rate was 4.50% at the start of the window and 4.50% on Jun 17, 2025, a net change of 0.00 pp. The largest cut inside the window was 0 basis points. The stated threshold was 25 basis points.

Why: 180 days

The policy rate was 4.50% at the start of the window and 4.50% on Sep 15, 2025, a net change of 0.00 pp. The largest cut inside the window was 0 basis points. The stated threshold was 25 basis points.

Why: 1 year

The policy rate was 4.50% at the start of the window and 3.75% on Mar 19, 2026, a net change of −0.75 pp. The largest cut inside the window was 75 basis points. The stated threshold was 25 basis points.

Why: 3 years

Not yet resolved. The window closes Mar 18, 2028.

Why: 5 years

Not yet resolved. The window closes Mar 18, 2030.

Why: Stated deadline

The policy rate was 4.50% at the start of the window and 3.75% on Dec 31, 2025, a net change of −0.75 pp. The largest cut inside the window was 75 basis points. The stated threshold was 25 basis points.

What was said around it

anything that gets proposed is probably going to be watered down through Congress a lot of things get over promised tax breaks are probably going to be a lot more modest than a lot of people expect and tariff threats are probably just going to be a back and forth negotiation until eventually everything gets resolved sure it's going to be a bumpy ride in the process but welcome to the entire economy where there's always something to worry about that's why I'm just continuing to dollar cost average into the markets on a regular basis regardless of where it trades I bet we probably see two small rate cuts at some point this year and if you're getting spooked by all the volatility it's probably best just don't check stick with the plan is normal and no matter what smash the like button and subscribe if you haven't done that already so thanks so much for watching I really appreciate it also big thank you again to cook Unity for sponsoring this video their information is down below in the description thank you so much for watching and until next time

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

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