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Federal Reserve lowers rate by 0.25%

Nov 7, 2024

Here are some main takeaways:

The Federal Reserve lowered the Federal Funds rate by 0.25% effectively to a range of 4.5% - 4.75%. This decision was made to protect the labor market with a focus on bringing inflation near 2%. The Committee is prepared to adjust the rates and will continue to monitor implications on key economic developments and international factors.

 

Here are the main takeaways:

  • Unemployment rate has increased slightly but remains low.

  • Inflation is progressing toward the 2% target but remains elevated.

  • Economic outlook remains uncertain

  • Continued reduction of holdings in Treasury securities, agency debt, and agency mortgage-backed securities.

 

Click here for the full FOMC Statement: Federal Reserve Board - Federal Reserve issues FOMC statement


If you are interested in more in-depth analysis on how this may impact your currency exposure, feel free to contact us: info@pulsefx.com

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