SUMMARY OF FED DECISION (12/18/24):

1. Fed cuts rates by 25 bps for a total of 100 bps in 2024

2. Cleveland Fed President Beth Hammack dissented

3. Fed median forecasts shows 2 cuts in 2025 for 50 bps

4. Fed revises end of 2025 inflation projection from 2.1% up to 2.5%

5. Fed sees unemployment at 4.3% at end of 2025

6. One Fed official sees no rate cuts in 2025

The battle against inflation continues in 2025.