Daily Note | January 30, 2025 | FSCO, MLPs, Energy Bonds

The Fed held the benchmark Fed Funds rate at 4.25% to 4.50% but the market focused on his comments after where he said "I would say we're meaningfully above the neutral rate."

We also received the first look at fourth quarter GDP which came in a bit lighter than expected at +2.3%. This is helping to push down yields a bit with the 10-year again nearing t…