MONETARY AFFAIRS

Review: Fed Stays Put In January and Signals It’s “Not In a Hurry” To Change Policy

by Brunello Rosa And Nato Balavadze

29 January 2025

In this paper we discuss:

• The Fed's assessment of the US economy;
• What the Fed did in January and could do in coming months;
• How the economy has performed compared to the December's forecasts; and
• The relatively muted market reaction.

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Download PDF: Fed Flash Review - January 2025

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