United States

Fed ends rate hike campaign


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As widely expected, Federal Reserve officials left the federal funds rate unchanged at their January meeting to a range of 2.25 to 2.50 percent. In his press conference, Fed Chair Jerome Powell cited mounting pressures on the economic growth outlook and tighter financial conditions beginning in the fourth quarter of last year as reasons for policymakers to opt for a wait-and-see approach.

Fed policymakers did not change balance sheet normalization policy but said they would provide further guidance on the pace of balance sheet reduction program and the appropriate size of the balance sheet at future policy meetings. In short, Fed officials are comfortable maintaining a larger balance sheet going forward. 

Information in this document was prepared by DiMeo Schneider & Associates, L.L.C. and although information in this document has been obtained from sources believed to be reliable, RSM US Wealth Management LLC, DiMeo Schneider & Associates, L.L.C. and their respective affiliates do not guarantee its accuracy, completeness or reliability and are not responsible or liable for any direct, indirect or consequential losses from its use. Any such information may be incomplete or condensed and is subject to change without notice. The Frontier EngineerTM is a registered trademark of DiMeo Schneider & Associates, L.L.C.

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