Guest Contribution: “The Federal Funds Rate: FOMC Projections, Policy Rule Prescriptions, and Futures Market Predictions from the December 2024 Meeting”

Today, we present a guest post written by David Papell and Ruxandra Prodan-Boul, Professor of Economics at the University of Houston and Economics Lecturer at Stanford University. The Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate (FFR) at 4.25 – 4.5 percent at its January 2025 meeting. In the Summary of Economic […]