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What will be the closing value of the S&P 500 index on December 31, 2024?
3
Resolution / Starting Odds
Below 4000 • 25%
4000 to 4500 • 25%
4500 to 5000 • 25%
Above 5000 • 25%
Official closing value published by financial news outlets and stock exchanges
Story
Powell: Fed's 50 Basis Point Rate Cut a Strong Move to Stay Ahead of Economic Challenges
Sep 18, 2024, 06:51 PM
Federal Reserve Chair Jerome Powell announced a significant 50 basis point interest rate cut, emphasizing it as a proactive measure to prevent economic weakness rather than a response to current conditions. Powell reiterated that the Fed does not believe it is behind the curve and views the rate cut as a demonstration of its commitment to staying ahead of potential economic challenges. The move is part of a broader strategy to recalibrate monetary policy to a more neutral stance. Powell described the rate cut as a 'strong move' and 'timely.'
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Above 4,500 • 25%
Between 4,000 and 4,500 • 25%
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5001-5200 • 25%
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5000 to 5499 points • 25%
5500 points or above • 25%
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