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Despite Two Dovish Dissents, Fed Holds Rates As Expected; Upgrades Growth, Lowers Labor Risks
Despite two dovish dissents, The Fed is likely on an “extended pause” noting strong activity data and signs of stabilization in the labor market. However, Goldman "expects easing to resume later in the year as a moderation in inflation allows for two further ‘normalization’ cuts to take rates back to levels seen by the median FOMC member as neutral.” Christopher Hodge, chief US economist at Natixis, says at the end of the day here the Fed is “on hold until data prompts a move.” "We have now entered a new phase of policymaking where the Fed views the risks to both parts of its dual mandate are in ... (full story)
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Jan 28, 2026 3:14pm
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