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January FOMC meeting—A skip or a pause?
From global.beyondbullsandbears.com
This week the Federal Open Market Committee (FOMC) voted unanimously to keep the policy rate target range unchanged at 4.25%-4.50%. While the move was widely anticipated, there were some hawkish changes to the policy statement. Gone was the previous acknowledgement that inflation was closing in on the 2% target. Instead, inflation is now characterized as “somewhat elevated,” while the unemployment rate has “stabilized at a low level.” Federal Reserve (Fed) Chair Jerome Powell also noted (at least four times during the post-meeting press conference) that the Fed is in no rush to ease policy further given the ... (full story)
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- Posted: Jan 31, 2025 12:18am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,121
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