SEP

Fed Is ‘Well Positioned’ To Do Nothing For A While

As widely expected, the Fed lowered the federal funds rate (FFR) by 25 bps today. It has lowered the FFR by 75bps since September of this year. Since the start of the current easing cycle in September 2024, this rate has declined by 175 bps to 3.50%-3.75%. In his prepared remarks at today’s press conference, Fed Chair Jerome Powell rightly observed the obvious: "The adjustments