FOMC Updates

As expected, the FOMC did not change its benchmark rate range from 4.25%-4.50% for the fifth consecutive meeting. The US economy grew at a better-than-expected pace of 3% in the second quarter. The Fed downgraded its assessment from...

As expected, the FOMC did not change its benchmark rate range from 4.25%-4.50% for the fourth consecutive meeting. The Fed’s economic projections maintain 50bp of rate cuts in 2025. However, they raised their 2025 inflation projections to...

Aligning with market consensus, the FOMC did not change its benchmark rate from 4.25%-4.50% for the third consecutive time. The Fed addresses “shifts in net exports” with no direct acknowledgement of the...

As expected, the FOMC did not change its benchmark rate range from 4.25%–4.50%. The Fed’s updated economic projections indicate a 50bp rate cut by the end of 2025, bringing the federal funds rate to 3.88%. The median forecast for PCE inflation increased to...

Aligning with market consensus, the FOMC did not change its benchmark rate range from 4.25%-4.50%. The Fed stated “inflation remains somewhat elevated,” revising their initial statement: “inflation has made progress toward the Committee’s 2% objective.” Meanwhile...

As expected, the Fed lowered the benchmark rate by 25bp to a target range of 4.25%-4.50%, making the third rate cut in over four years. The Fed’s updated economic projections now show a 50bp rate cut in 2025 to 3.9% (from 3.4% in September). Additionally, the...

As expected, the Fed lowered the benchmark rate by 25bp to a target range of 4.50%-4.75%, the second rate cut in the past four years. The Fed changed language on this statement to note...

The Fed lowered the benchmark rate by 50bp to a target range of 4.75%-5.00%, the first rate cut in over four years. The Fed sees rates at 4.4% by the end of 2024, and 3.4% by the end of 2025. The FOMC statement released says that...