Items include
FOMC
Economic Indicators
As expected, the FOMC changed its benchmark rate range from 4.25%-4.50% to 4.00%-4.25% for the first time this year. The Fed projects an additional 50bp in rate cuts by the end of 2025. Fed median projections for 2025 GDP rises...
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 3% (up from...
As expected, the FOMC did not change its benchmark rate range from 5.25%-5.50% for the fourth consecutive meeting. The Fed implied they are done raising rates, however they are not ready to start cutting rates at the next meeting. The...
As expected, the FOMC did not change its benchmark rate range from 5.25%-5.50% for the fifth consecutive meeting. The Fed’s updated economic projections maintain 75bps of rate cuts in 2024. However, the 2025 rate cut projections were reduced to 75bps...
As anticipated, the FOMC did not change its benchmark rate range from 5.25%-5.50% for the sixth consecutive meeting. The Fed stated “there has been a lack of further progress toward the Committee’s 2% inflation objective”, implying they will remain on...
As expected, the FOMC did not change its benchmark rate range from 5.25%-5.50% for the seventh consecutive meeting. The Fed also updated rate cut projections for 2024 from 75bp to 25bp, and increased 2025 rate cut projections from 75bp to...
As expected, the FOMC did not change its benchmark rate range from 5.25%-5.50% for the eighth consecutive meeting. According to the statement, upside risks to inflation have decreased as the labor market has softened, and it noted that careful monitoring...
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....
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 “labor market conditions have generally eased,”...
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%...
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, revisions were made to...
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...
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 first negative real GDP print since 2022. The...
The FOMC just cut interest rates for the first time in 2025. We detail why this rate cut is different, what it means for your CFI, and how to prepare for any impact.