The Fed Is Still Choosing to Be “Late” On Rate Cuts | Weekly Roundup
Episode publishedPodcast: Forward GuidanceForward Guidance
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What's up, everybody? Right before we get into the show here, just wanna give a quick shout out for our next BlockWorks conference coming up. Permissionless four is happening June, and it's a crypto conference all for the developers and builders in the space. So we're gonna be hosting it right in the heart of Brooklyn, New York, and it's gonna be a ton of fun. There's gonna be a lot of fantastic speakers, and the whole Ford guidance crew is gonna be there. Myself, Tyler, Quinn, we're gonna be doing a live roundup. There's gonna be some wicked community events. Come meet us, have a beer with us
much. Excited to be here. Good weather. Lot of Absolutely.
Great to meet you again, Quinn and Felix. Great to be here.
Yeah. Yeah. Yeah. Quick show of hands. Who's listened to the Ford Guidance podcast before? Nice. Before Today. Today. Awesome. Cool to see that. Thousand
for everyone listening, there's thousands of hands raised. Yeah.
Yeah. Thousands and thousands. You just hear the roars and claps. The
most beautiful. The biggest crowd, guys. Yeah. It's huge. Biggest.
Okay. So I want to start by talking about the FOMC meeting that just happened yesterday and get the high level takeaways there. Somewhat interesting one, but also not interesting at the same time. But just gonna go through a few data points here. I'm gonna pull up my phone just because it was a dot plot summary of economic projections updated meeting. So there's a lot of data to get into and start to understand. So just looking at the dots here, in terms of their GDP projection, they actually downticked their projection for the March meeting for 2025 from 1.7 to 1.4%, so expecting lower growth
first off, I think, like you mentioned, Felix, and that was a really good summary, what was most interesting to me was the dot plot forecast. It seems like the Fed is a bit more downbeat on the economy, revising down growth, but also seemed a little bit stagflationary. Right? You're revising up inflation, and you're revising up unemployment. So all in all, that that seems like, you know, not not good. Now the Fed has always been saying for the past few months that they are basically just going to be late. So they're not cutting this time, and they kept their forecast from the last time. So wha
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