Fed trims rate cut projections for 2025 after December policy meeting [Yahoo! Finance]
CME Group Inc. - Class A (CME)
Last cme group inc. - class a earnings: 4/29 07:00 am
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Source: Yahoo! Finance
The Federal Reserve lowered its benchmark lending rate for the third meeting in a row Wednesday, but trimmed its forecast for further reductions into 2025 amid what it called "elevated" inflation risks in the firmly resilient economy. The Federal Open Market Committee, which sets monetary policy for the central bank, lowered its key lending rate by 25 basis points, or 0.25 percentage point, to between 4.25% and 4.5%. The move, the third rate cut in succession, followed the central bank's two-day policy meeting in Washington and marks a full percentage point reduction since the Fed began cutting in September. "The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run," the Fed said in its official statement. "The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance. The economic outlook is uncertain, and the Committee is attentive to the risks to both sides of its dual mandate.
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CME
Earnings
- 10/23/24 - Miss
CME
Sec Filings
- 12/11/24 - Form 8-K
- 12/5/24 - Form 8-K
- 11/12/24 - Form 4
- CME's page on the SEC website