December FOMC Statement: A Small Present for the Season
- michaelarbogast1
- Dec 20, 2024
- 1 min read
On December 18, 2024, the FOMC issued its statement lowering the target range for the federal funds rate by 25bps to 4.25 to 4.50%. The statement's text remains largely unchanged from the November 2024 FOMC statement indicating that the Fed is relatively comfortable with the adjusted target range based on current economic conditions. Notably, the determination was not unanimous with Beth Hammack voting against any change. The accompanying pdf is a track-changes version of the December FOMC statement compared against the November 2024 FOMC statement.
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