The Investor Insight - January 2025

As we closed out 2024, the Federal Reserve delivered a surprise at its mid-December meeting. While it cut 25 basis points, it also provided guidance for only half the number of rate cuts expected for 2025, something the markets had possibly priced in given the pullback since the meeting. Both bonds and stocks have suffered double-digit pullbacks since, a trend that continues as of the writing of this commentary.