by Wolf Richter
Wolf Street
“Dot plot”: 8 of 19 participants see either no cut or just 1 cut in 2025.
The FOMC voted today to keep the Fed’s five policy rates unchanged, for the second meeting in a row, after cutting by 100 basis points in 2024. All participants agreed with the rate decision. But Christopher Waller dissented because he preferred to continue the current pace of QT.