BOSTON, MA, December 18, 2024 — The Federal Open Market Committee (FOMC) met today for its final meeting of 2024. The FOMC lowered the Federal Funds Target Rate by 25 bps to 4.25-4.50%, meeting market expectations. Inflation data hovers above the Fed’s 2% target, primarily driven by services. Policymakers underscored the durability of economic expansion and see inflation on a long-term trajectory toward the target.

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