Traders are overwhelmingly predicting the Federal Reserve will hold interest rates steady at their January meeting. Investors will closely watch Fed Chair Jerome Powell's press conference for clues on future rate policy.
Traders are pricing in a nearly 100% likelihood that Federal Reserve policymakers will keep interest rates at the current target range of 4.25% to 4.5% at the conclusion of their January meeting. The central bank cut rates three consecutive times to end 2024.Fed Chair Jerome Powell 's comments will be key for investors this time, as they search for clues on what's next for rate policy after this pause. The Fed will release its decision at 2 p.m.
"From an investment perspective, make sure your cash allocation aligns with your investment goals, time horizon and risk tolerance, rebalancing as needed," he said. The Fed is expected to stand pat on interest rates, maintaining its benchmark rate in a target range of 4.25% to 4.50%. Policymakers will issue their decision at 2 p.m. ET.
FEDERALRESERVE INTERESTRATES POWELL ECONOMY INVESTMENT
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