The Federal Reserve ended its January 2025 meeting without changing the Federal Funds target rate or providing much more guidance for the direction for the rest of the year.
In its unanimous statement, the Fed says that the economic conditions remain strong and the economy is progressing towards the Fed's 2% inflation target.
The Fed says it is still considering its next move. Presumably, the Fed's guidance remains towards one or two quarter-point cuts in the course of 2025. The next meeting in March 19, 2025 and the Fed should have a lot more information then and be able to provide more guidance as to what it will do for the rest of the year.
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