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Key Inter-Meeting Fed Speak – Jan 2025

Fed speakers since the December FOMC meeting have unanimously backed a more patient approach.

Ahead of next week's Fed decision, we've published our summary of FOMC participant communications since the December FOMC meeting, including analysis of the latest Beige Book and MNI's Hawk-Dove Matrix. 

  • Fed speakers since the December FOMC meeting have unanimously backed a more patient approach to rate cuts than foreseen just a few months earlier.
  • No FOMC member expressed a preference for another rate cut in January, given an apparent reduction in downside risks to the labor market and some signs of stalling disinflation - with few to no signals of future cut timing. 

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Ahead of next week's Fed decision, we've published our summary of FOMC participant communications since the December FOMC meeting, including analysis of the latest Beige Book and MNI's Hawk-Dove Matrix. 

  • Fed speakers since the December FOMC meeting have unanimously backed a more patient approach to rate cuts than foreseen just a few months earlier.
  • No FOMC member expressed a preference for another rate cut in January, given an apparent reduction in downside risks to the labor market and some signs of stalling disinflation - with few to no signals of future cut timing. 

Keep reading...Show less