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Jan. 29, 2025: Fed holds rates steady, takes less confident view on inflation.

  • Andrew Belcher
  • Jan 31
  • 1 min read

After coming down 100 basis points on the Fed funds rate over the last 3 Fed meetings, Jerome Powell indicated that inflation pressures remained elevated but the job market was still strong. Subsequently, the committee decided to leave the Fed funds rate unchanged at 4.25% - 4.50%, but noted that they would be prepared to act should the job market weaken.


 
 
 

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