MONETARY AFFAIRS

Review: The Fed Keeps Rates Unchanged, But Reduces The Pace of QT

by Brunello Rosa and Nato Balavadze

19 March 2025

In this paper we discuss:

• The Fed's assessment of the US economy, which is rapidly deteriorating;

• What the Fed did in March and could do in coming months;

• How the SEP changed since December 2024; and

• The market reaction.

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Download PDF: Fed Flash Review - MArch 2025

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