1115 GMT - The U.S. Federal Reserve is likely to keep interest rates unchanged at 1900 GMT, but could cut once more in the coming months, Rabobank's Philip Marey says in a note. "We expect [Fed chairman Jerome] Powell to stress that the FOMC is data-dependent and cautious about further cuts," Marey says. While markets price in two Fed rate cuts in 2025, Rabobank expects only one rate reduction due to possible inflationary effects of tariffs. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
January 29, 2025 06:15 ET (11:15 GMT)
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