All Eyes on the First Fed Meeting of 2025

At the first meeting of the (Federal Reserve) in 2025, consumers and investors are awaiting something that Fed Chairman Jerome Powell has not been able to provide them with: An answer to the question of how long interest rates will remain high. In 2024, the officials of the Federal Open Market Committee (FOMC) of the Fed cut the interest rates by a total of 1 percentage point through three meetings. The current federal fund rate is within the range of 4.25% - 4.5%. Those interest rate cuts seem to have not reduced.