Fed Sees No Need to Hurry

Published on February 1, 2025

Facing an uncertain outlook, the Federal Reserve holds rates steady and signals a watch-and-wait approach.

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Apple Inc. described its latest results as its “best quarter ever,” but that’s only true if you stop reading near the top of the press release issued Thursday evening. Overall revenue may have reached record levels, but big questions lurk about large parts of the iPhone maker’s business.

Wait and See

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Following 100 basis points in rate cuts through the back half of 2024, the Fed started 2025 with a pause, placing itself in wait and see mode for the foreseeable future.