Andrei Jikh: Fed policy rate will fall

Said on Dec 8, 2023, at 4:02 in the video.

What was said
Andrei Jikh

@andreijikh

“and they'll have to lower interest rates as many as five times next year they'll be forced to start q and the buying up of assets AKA printing money which is beneficial for Bitcoin and any asset that has a fixed limited Supply”
Watch at 4:02How High Will Bitcoin Go In 2024?
PredictionFed policy ratewill fallby Dec 31, 2024
What happenedafter 1 year
Correct

Reading when said

5.5%

Dec 8, 2023

Reading at close

4.75%

Dec 7, 2024

Change

−0.75 pp

The policy rate was 5.50% at the start of the window and 4.75% on Dec 7, 2024, 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)
−2%0%2%4%6%202020212022202320242025Said on Dec 8, 2023
−2%0%2%4%6%2020202220232025Said on Dec 8, 2023

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 v4Incorrect5.5%5.5%Jan 7, 20240.00 pp—
90 daysR-FED v4Incorrect5.5%5.5%Mar 7, 20240.00 pp—
180 daysR-FED v4Incorrect5.5%5.5%Jun 5, 20240.00 pp—
1 yearR-FED v4Correct5.5%4.75%Dec 7, 2024−0.75 pp—
3 yearsR-FED v4Pending——Dec 7, 2026——
5 yearsR-FED v4Pending——Dec 6, 2028——
Stated deadlineR-FED v4Correct5.5%4.5%Dec 31, 2024−1.00 pp—
Why: 30 days

The policy rate was 5.50% at the start of the window and 5.50% on Jan 7, 2024, 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 5.50% at the start of the window and 5.50% on Mar 7, 2024, 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 5.50% at the start of the window and 5.50% on Jun 5, 2024, 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 5.50% at the start of the window and 4.75% on Dec 7, 2024, 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 Dec 7, 2026.

Why: 5 years

Not yet resolved. The window closes Dec 6, 2028.

Why: Stated deadline

The policy rate was 5.50% at the start of the window and 4.50% on Dec 31, 2024, a net change of −1.00 pp. The largest cut inside the window was 100 basis points. The stated threshold was 25 basis points.

What was said around it

Landing or for the us to go into a deep recession and that's where bitcoin's prediction of what happens next comes in any story you can come up with right now always ends up in more Fed rate Cuts it's it's quite amazing if the economy really weakens then the pressure will increase on the FED to do something and what can they do more rate cuts and eventually go into QE so the market is predicting if the economy slows down which is exactly what it's doing the fed's hand will be forced and they'll have to lower interest rates as many as five times next year they'll be forced to start q and the buying up of assets AKA printing money which is beneficial for Bitcoin and any asset that has a fixed limited Supply Now The Economist also says that even if the economy gets way stronger they'll still have to lower interest rates and that's because if they don't it could cause a classic recession thanks to the business cycle the rising cost of debt and higher unemployment which is what we're seeing now even if the economy were to strengthen right now and bond yields would rise it would threaten the nas recovery in the housing market it would potentially start the classic recession style domino effect

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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