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  • Writer's picturejustinlawrence137

FOMC Livestream Today

Don't miss todays FOMC rate decision, we will be hosting a livestream for it at the Techbuds HQ in Chandler, AZ!



The Federal Reserve's first policy meeting of 2024 is here.


The Federal Open Market Committee is widely expected to hold interest rates steady at the conclusion of the meeting.


Then eyes will turn to commentary from Fed Chair Jerome Powell.


At 2:30 p.m., he will take the stage at the post-meeting press conference. ( Our Favorite thing to watch, JP can move markets)


Most economists believe the Fed will keep rates steady on Wednesday (Today), holding the federal funds rate in a range of 5.25% to 5.5%, according to FactSet.


About 50% of economists polled by FactSet said they believe the first cut of 2024 will occur at the Fed's March 19-20 meeting. Roughly nine in 10 economists believe the central bank will issue a rate reduction at its April 30-May 1 meeting, FactSet shows.


Among those predicting that March will provide the first rate relief is Goldman Sachs, with economist David Mericle writing in a January 27 research note that he believes a March 2024 cut will be followed by four additional rate reductions. 


The central bank is likely to be cautious in its language on January 31 and avoid "sending a decisive signal," he noted. The Fed may want to "douse hopes of any early easing in policy," noted David Kelly, chief global strategist at J.P. Morgan Asset Management, in a Monday research report. "This is, in part, because they are genuinely uncertain about how sticky inflation might be in an economy experiencing above trend economic growth and a still very tight labor market.


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