Fed Dec rate cut may presage Trump policy-driven hikes in 2025
19 December 2024
Salman Ahmed, Global Head of Macro & Strategic Asset Allocation at Fidelity International, reflects on the Federal Reserve’s decision to cut rates by 25bp. The Federal Reserve (Fed) cut the Fed Funds Rate by 25 basis points (bps), as widely expected, bringing it to 4.5%. While Chair Powell acknowledged this was “a closer call”...
