0700 GMT - The Federal Reserve will likely vote unanimously in favor of holding the fed funds target range steady at 4.25%-4.50%, says Pepperstone's Michael Brown in a note. The key question is whether this 'skip' will turn into a more prolonged 'pause' in the easing cycle, by virtue of the resilient U.S. labor market, and the bumpy process of slowing inflation, the senior research strategist says. Fed Chair Jerome Powell is unlikely to offer firm guidance on that front and instead stick to a data-dependent stance, Brown says. The time between the coming and the March meetings will be used not only to digest incoming data but also to assess the impact of last year's policy easing and the early policies implemented by the new Trump Administration, he adds. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
January 29, 2025 02:00 ET (07:00 GMT)
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