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The FOMC meeting was yesterday, and it did not happen.
Federal reserve commitment Stopping rate discounts For this meeting, it was also priced in the SofR curve for several months now.
As always for FOMC meetings, the statement appears first before Fed monitors combed to sort the new changes made.
Interestingly, the language has been shown on how to display inflation:
Initially, this sent less risk assets to the most friendly Federal Reserve interpretation. Soon after the press conference, President Powell stated that this was simply cleaning the language and should not be considered a change in the position of politics. Then I send the origins of the risks in the opposite direction - higher. What a whip!
This Whipsaw offers how important it is to distinguish any aspect of the double mandate that the Federal Reserve gives priority at any time. So, taking into account this and not a meeting until March, let's take a look at the place where economic data stands:
laboratory
Today we have received the weekly weekly unemployed claim data, some of the latest and highly frequently updated labor market data that we can obtain. It is worth noting, we saw a significant decrease in claims:

Moreover, we saw continuous claims that continue to settle:

In general, these data points alluded to the labor market, which is still balanced and has no reason to worry about the Federal Reserve.
growth
Achieving strong economic growth without inflation is its driver is the golden goose for central banking services. When it happens, it's magic.
Today, we have received the first primary local GDP growth that sheds light on the still strong economy.
Although printing was 2.3 %, less than a consensus of 2.6 %, basic drivers are still solid.
Consumption shadow is the main engine of growth, by 4.2 %. The consumer is the engine of the American economy. As long as this is still strong, there is no need to worry about growth expectations.
However, fixed investment has seen its first shrinking since 2023 -0.6 %. It will be interesting to see how the Federal Reserve Bank is to catch this distraction between the investment sector and the consumption sector. In general, however, there is nothing to cause great anxiety yet.
Collecting them together and contradicting it with the dual federal reserve delegation, we have a labor market in a strong balance and no great concern about deterioration. Moreover, our consumer is still strong and represents spending that does not hint over the big concerns of slowing growth at the present time.
All this paves the stage to verify the validity of the federal reserve jurisdiction to stop the cut rates here, as it takes time to assess how buses 100 during this session affects the economy so far.
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