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OIL: The FOMC Will Keep Benchmark Fed Funds Rate Unchanged on Jan 29

OIL
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The FOMC Will Keep Benchmark Fed Funds Rate Unchanged on Jan 29 for the First Time in Four Meetings 

  • The committee is expected to shift to a more patient phase of its easing cycle after delivering 100bp of cuts.
  • The forward guidance adopted in December points to a data-dependent approach to assessing the “extent and timing” of additional rate adjustments.
  • With minimal statement changes expected and no new rate/macro projetcions, the focus will be on Chair Powell’s press conference which will likely repeat the same themes heard six weeks earlier.
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The FOMC Will Keep Benchmark Fed Funds Rate Unchanged on Jan 29 for the First Time in Four Meetings 

  • The committee is expected to shift to a more patient phase of its easing cycle after delivering 100bp of cuts.
  • The forward guidance adopted in December points to a data-dependent approach to assessing the “extent and timing” of additional rate adjustments.
  • With minimal statement changes expected and no new rate/macro projetcions, the focus will be on Chair Powell’s press conference which will likely repeat the same themes heard six weeks earlier.