Introduction

As we delve into the contrasting statements released by the Federal Reserve during the FOMC meetings in September and November of 2024, it's essential to highlight the evolving economic landscape that these decisions address.

Key Observations from the November Statement

In the recent statement released on November 7, 2024, the Federal Reserve noted that economic activity has continued to grow at a solid pace. This comes on the heels of the statement from September 18, where the Fed acknowledged that while job gains had generally eased, the unemployment rate remained low. However, concerns around inflation persisted, with the November assessment indicating that inflation was still somewhat elevated yet showing signs of progress towards the Committee's long-term goal of 2%.

Shifts in Tone and Policy