⚠️FOMC - Fed rate = 3.75% (Previously 4.25%)
- Fed to begin purchasing Treasury bills on December 12
- Fed cut rate by 0.25 percentage points, new target range: 3.5%–3.75%
- The Fed is ready to make further cuts, but decisions will depend on data (inflation, labor market, forecasts).
- Risks to the economy remain elevated
- Decisions were made by a majority vote, with several members voting against because they considered the rate cut premature
PS: Futures estimate a 75% probability that the rate will remain unchanged in January…
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