Fed Maintains Rate Target
This is a news story, published by Yahoo Finance, that relates primarily to The Federal Open Market Committee news.
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Argus: The Federal Open Market Committee (FOMC) of the U.S. Federal Reserve concluded its March 2025 meeting at mid-month and, as expected, maintained its fed funds target at the 4.25%-4.50% level.
Argus believes this non-decision reflects the Fed 's ongoing concerns with inflation as the central bank monitors the overall economy.
The Atlanta Fed's GDPNow forecast currently indicates a decline of 1.8% for 1Q25 GDP.
A negative GDP reading for the first quarter of 2025 would be the first since 2022 .
Argus continues to look for positive 1Q 25 GDP growth, but we have grown more cautious as well.
Retail data also shows consumers are growing more cautious.
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