✍️SUMMARY OF THE FED'S DECISION
(18.12.24)
- The Fed cuts rates by 25 basis points, totaling a 100 basis point reduction in 2024.
- Cleveland Fed President Beth Hammack expressed dissent.
- The Fed's median forecast shows 2 rate cuts in 2025, totaling 50 basis points.
- Inflation forecast for the end of 2025 revised from 2.1% to 2.5%.
- Unemployment rate projected at 4.3% by the end of 2025.
- One Fed official sees no rate cuts in 2025.