‼️The Federal Reserve is not in a hurry to cut rates further - for now

The Fed kept they rates unchanged in the first meeting of 2024

WHY SUBSCRIBE?

The Fed left its rates unchanged at 4.25%-4.50% o Wednesday as expected. This comes after three consecutive cuts last year by a total of 100 basis points.

As outlined on Wednesday, the central bank removed the reference that inflation is making progress towards the 2% target. Subsequently in the press conference, Fed Chair Jerome Powell was explaining the reasoning behind such a change.

More details about the meeting, the market reaction and what investors think may be lying ahead in the following sections.

If you would like to read 2024 meetings summaries, below you can find all of them:

The Federal Reserve flip-flopped again in December

Is the Fed making a mistake by cutting rates this year?

Can the Fed avoid a recession?

The Fed should have cut rates on Wednesday

The Fed projects the first rate reduction in December

Is the Fed heading towards another monetary policy mistake?

Is the Fed going to HIKE rates this year?

The Fed left rates steady as expected at 5.50%, stocks and gold at all-time highs

KEY TAKEAWAYS