Thursday: Fed holds, but sees one less cut in 2025
Mar 20, 2024•9 min
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Episode description
The Fed has just held its Fed Funds Rate as expected, but has raised dot plot track by around 25 basis points in 2025. British inflation slowed in February, but the Bank of England is still expected to hold; The BoJ is watching a weak yen closely, and New Zealand GDP today could show a technical recession.
In our bonus deep dive interview, ANZ Senior Economist Blair Chapman investigates a new trend of Australian job seekers holding off starting new jobs in January, and why that could affect today’s February jobs numbers.
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