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Another Quarter-Point Rate Cut But the Fed Signals a Slower Pace in 2025

Rising inflation expectations make the FOMC take a step back.

By Erik Sherman | December 18, 2024 at 04:17 PM

As widely expected, the Federal Reserve’s Federal Open Market Committee announced another 25-basis-point rate cut. That makes the federal funds rate range 4.25% to 4.50%. The future expectation, however, no longer officially looks like a continued string of additional parings.

“The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance,” the FOMC said in its statement. “The economic outlook is uncertain, and the Committee is attentive to the risks to both sides of its dual mandate.”

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