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The new forecast envisions two quarter-point rate cuts in 2025—scaled back from the four signaled cuts in the committee’s previous projection. At a post-meeting press conference, Fed Chair ...

Forecast issued at 4:45 am EDT on Friday 7 February 2025. Sunny. The chance of fog in the outer west early this morning. Light winds becoming northeasterly 20 to 30 km/h in the middle of the day.