FED STATEMENT CHANGE QUESTIONS PACE OF FURTHER RATE CUTTING

A change to the policy statement from the last outlook in November #Fed raises questions about the timing of future interest rate cuts by the central bank. The new statement reads: "In considering the scope and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully consider incoming data, the evolving outlook, and the balance of risks." This updates previous language that only mentioned "considering additional adjustments to the target range," citing uncertainty about whether the central bank will hold another rate at its January meeting or take a break.