The Fed Cut Rates, but Their “Dot Plot” Is Hawkish
The Fed governors should further clarify if there will be more key interest rates in the upcoming months and how reliant the FOMC will be on economic reports.
Stephen Miran, President Donald Trump's nominee to be chairman of the Council of Economic Advisers, sits on the day he testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington on Feb. 27, 2025. Annabelle Gordon/Reuters
Last Wednesday, the Federal Open Market Committee (FOMC) cut key interest rates by 25 basis points (0.25%). The 11-to-1 vote was widely anticipated, and the sole dissenter was the newest FOMC member, Trump nominee Stephen Miran, who voted against the 0.25% because he favored a larger (0.50%) cut.
Louis Navellier
Author
Louis Navellier is chairman and founder of Navellier & Associates in Reno, Nevada, which manages approximately $1 billion in assets. One of Wall Street’s renowned growth investors, Navellier writes five investment newsletters focused on growth investing. In addition to appearing on Bloomberg, Fox News, and CNBC giving his market outlook and analysis, he has been featured in Barron’s, Forbes, Fortune, Investor’s Business Daily, Money, Smart Money, and The Wall Street Journal.
