Graham Stephan, relaying another source: Fed policy rate will fall

Said on May 1, 2024, at 16:33 in the video.

What was said
Graham Stephan

@grahamstephan

“long term it's currently anticipated the Federal Reserve may end up stabilizing rates around the 4% range which is currently only 1.25% lower than it is today”
Watch at 16:33URGENT: Federal Reserve Cancels Recession, Prices Fall, Massive Pivot Ahead
PredictionFed policy ratewill fall
What happened
Relayed

Somebody else's forecast — not scored

The window it was checked over

Fed policy rateWindow checkedRecession (NBER)
−2%0%2%4%6%202120222023202320242025Said on May 1, 2024
−2%0%2%4%6%2021202220242025Said on May 1, 2024

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

Somebody else's forecast — not scored

What was said around it

went 15 months without a single change or basically at this meeting it's clear that the most likely scenario is that there's no change is being made whatsoever until inflation begins to subside which hopefully is at the end of the year and if it doesn't or conditions worsen there's always the chance of another rate hike I know it's not the ideal scenario but the Federal Reserve is going to remain data dependent and they'll do whatever it takes to bring inflation down without completely crippling the economy however long term it's currently anticipated the Federal Reserve may end up stabilizing rates around the 4% range which is currently only 1.25% lower than it is today and that's mostly boosted up by a very strong economy strong labor market and a stock market that doesn't seem to care that much that rates are this high so as far as what I have to say about everything I think it's a bit of a mess on the one hand GDP recently slowed down to a 1.6% annualized rate which was much lower than expected and that's not a surprise given how two out of three Americans are more worried about running out of money than they are dying which is absurd of course in terms of why these numbers came

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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