Daily Note | January 29, 2025 | FOMC Meeting, TYG Trim, NAV Tailwinds
Markets were basically unchanged with the Dow up and S&P/Nasdaq down, as investors waited for the first interest rate decision of 2025. The Fed is scheduled to deliver its latest monetary policy decision at 2 p.m. Fed funds futures data reflect a nearly 100% certainty that the central bank will keep rates steady at a target range of 4.25% to 4.5%.
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