BRIEF DESCRIPTION OF THE DECISION OF THE Fed (December 18, 2024):

1. The Fed reduces rates by 25 basis points. In general, the rate in 2024 has already been reduced by

100 basis points.

2. President of the Federal Reserve Bank of Cleveland, Beth Hammack, expressed her disagreement with the rate cut.

3. The Fed's median forecast shows 2 decreases in 2025 by a total of 50 basis points.

4. The Fed revised the inflation forecast for the end of 2025 from 2.1% to 2.5%

5. The Fed predicts an unemployment rate of 4.3% by the end of 2025.

6. One of the Fed officials does not see a rate cut in 2025