šØ Fed Highlights:
ā¢ Risks to inflation and employment goals are seen as "broadly balanced," similar to November.
ā¢ Rate cut decision passed with an 11-1 vote.
ā¢ Future rate adjustments will depend on upcoming data, evolving outlooks, and risk balance.
š Fed Officials' Median Rate Projections:
ā¢ 2024 Year-End: 4.4% (Unchanged)
ā¢ 2025 Year-End: 3.9% (Previously 3.4%)
ā¢ 2026 Year-End: 3.4% (Previously 2.9%)
ā¢ Long-Term: 3.0% (Previously 2.9%)
š Markets are now pricing in a 90% probability that the Fed will hold rates steady in January.
Disclaimer: This is not investment advice. Always conduct your own research before making financial decisions.