Breaking news from the Federal Reserve: Only 75 basis points of interest rate cuts may be made in 2025

On January 8, local time, the three major U.S. stock indexes closed with mixed gains and losses. The minutes of the Federal Reserve meeting showed that officials were concerned that Trump's policies would push up inflation and sent a signal of slowing the pace of interest rate cuts. Traders are assessing the possibility of future interest rate cuts by the Federal Reserve under inflationary pressure.

Details of the Federal Reserve meeting minutes

On January 8, the U.S. stock market closed as follows: the Dow Jones Industrial Average rose slightly by 0.25% to close at 42,635.20 points; the Nasdaq fell slightly by 0.06% to close at 19,478.88 points; the S&P 500 rose slightly by 0.16% to close at 5,918.25 points.

The Federal Reserve released the minutes of its December 2024 meeting on the same day. The FOMC said in its meeting from December 17 to 18 that in the face of inflation risks, the Federal Reserve has adopted a new loose stance and plans to slow down the pace of interest rate cuts.

The minutes of the meeting pointed out that the Fed decided to lower the target range of the federal funds rate by 25 basis points to between 4.25% and 4.5%, which was the third consecutive rate cut, with a cumulative reduction of 1 percentage point. However, committee members predicted that the pace of rate cuts will slow down significantly in 2025, with an expected rate cut of 75 basis points for the whole year. Market futures prices show that the degree of policy easing in 2025 may be slightly lower than this forecast.

In addition, participants believed that the committee was close to or had reached the time when it was appropriate to slow down the pace of policy easing. Many participants emphasized that monetary policy needs to be handled cautiously in the coming quarters.

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