Top of the Morning: FOMC takeaways and 2025 outlook
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On the final episode of Top of the Morning for 2024, Brian Rose drops by to share his thoughts and reflections on this week’s FOMC meeting outcome. We also look ahead to 2025 and examine CIO’s current forecast for rate cuts, along with take a temperature on the health of the US e
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4 itemsTop of the Morning: FOMC takeaways & US economic update
Top of the Morning: June FOMC meeting recap & macro update
Following the recent FOMC meeting, newly appointed Fed Chairman Kevin Warsh signaled a distinctly hawkish stance, which contrasts with prior expectations of a more neutral approach. Per the full note [source], the removal of the easing bias and the focus on inflation reflects the Fed's commitment to curbing price pressures, marking a shift in tone that's likely to impact market sentiment. The median projection now points towards potential rate hikes as early as 2026, indicating a more aggressive future monetary policy than previously anticipated. Institutional traders should be alert for changes in Treasury yields and broader FX moves as markets adjust to this new narrative.