Fed Lowers Rate as Expected
The Federal Reserve announced a 25 basis point rate cut at its December 2024 FOMC meeting, lowering the federal funds target range to 4.25%—4.50%.
Fed Governor Waller Inclined to Lower the Fed Funds Rate at the Next FOMC Meeting
During a speech this week, Fed Governor Christopher Waller expressed his belief that monetary policy remains restrictive and that rate cuts should continue over the next year.
Powell Highlights Progress on Inflation; Reiterates the Job is Not Yet Finished
In his latest speech on Thursday, Federal Reserve Chair Jerome Powell reiterated that the economy is in a good place, the labor market remains strong, and that inflation remains on a downward path, albeit the road to its 2% target may prove bumpy along the way.
Fed Continues its Rate Cutting Cycle as Expected
The Federal Reserve announced a 25-basis-point reduction in the target range for the federal funds rate this week, setting it at 4.5% to 4.75%. Previously, the rate was in the range of 4.75% to 5.0%.