FOMC Met January 30-31 - No Rate Cut
The FOMC met on January 30-31 and interest rates were kept unchanged. That was somewhat expected, giving the Fed more time to evaluate if the current rate will keep inflation at bay without impeding economic growth too much.
The next policy meeting is on March 19-20, this meeting is associated with a Summary of Economic Projections. Investors and analysts are expecting that rates will hold steady.
Analysts believe the future points to a rate cut by summer. This will depend on the path of inflation and the state of the economy. The Fed’s policy moves depend on what economic data projections are for the upcoming weeks, including employment, productivity, and measures of inflation. They also monitor financial markets, global developments, and credit conditions.
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