Bloomberg analysts suggest that the voting members of the Federal Open Market Committee (FOMC) in 2025 will have more diverse positions, which could lead to an increase in disagreements.
Barron's notes that the rotating members could tilt the Fed's decisions towards a more aggressive stance in 2025. Reuters' analysis indicates that as time goes on, Fed officials may encounter new divisions, especially if the labor market cools faster than inflation. The increase in hawkish members could raise the risk of disagreements, although it may not alter policy outcomes.
The Federal Reserve's website indicates that eight meetings have been scheduled for 2025, taking place in January, March, May, June, July, September, October, and December. The dot plot published by the Fed in December 2024 shows a reduction in the projected number of rate cuts for 2025, from four in September to two, with an increase in the forecasted average interest rate from 3.4% to 3.9%.