January 29-30 FOMC Meeting: The Fed Continues its Dovish Turn

Key points: Beyond the widely expected status quo o n rates, the Fed delivered a dovish mess age at its January FOMC meeting. The central bank dropped its reference to further gradual rate increases , meaning that the next move is as likely to be a rate cut as it is to be a rate hike. The committee also signaled its readiness to adjust its balance sheet policy.