SUMMARY OF FED DECISION 12/18/24
1. Fed cuts rates by 25 bps for a total of 100 bps in 2024
2. Cleveland Fed President Beth Hammack dissented
3. Fed median forecasts shows 2 cuts in 2025 for 50 bps
4. Fed revises end of 2025 inflation projection from 2.1% up to 2.5%
5. Fed sees unemployment at 4.3% at end of 2025
6. One Fed official sees no rate cuts in 2025
The battle against inflation continues in 2025.
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