# 2024 wrap up

Source: https://www.tradersway.com/resources/market-info/2024-wrap-up/
Language: en
Updated: 2024-12-30

**Fed**delivered a hawkish cut with a dot plot showing 2 less cuts in 2025 than in September projection with long-term rate revised up to 3%. PCE came in weaker than expected. January 21 is the first day Trump steps into the office and markets will be on edge waiting to see what his policies will be. January 31 next FOMC meeting, only 10 days after Trump settles in the White House, too little time to have any significant impact on FOMC decision so we expect no change to rate.



**ECB**is on a rate cutting path with political instability mounting in two main economies, Germany and France



**BoE**kept rates unchanged but took a rather dovish turn as the decision was made with a 6-3 vote (Dhingra, Ramsden and Taylor voted for a 25bp cut)



**RBA**remains on hold, inflation rate on January 29 is paramount for their next move, China stimulus is not providing desired results



**RBNZ**is on a rate cutting path in order to prop up the economy



**BoC**delivered 175bp or rate cuts and is expected to deliver more in order to spur the economy



**BoJ**decided to leave rates unchanged and signaled that they are in no hurry to hike in January thus weakening JPY



**SNB**mentioned that although they are not proponents of negative rates it has been shown that negative rates produce desired results and thus opened the door for further cuts in 2025



You can follow all economic events on the [Economic Calendar](https://www.tradersway.com/resources/economic-calendar/) page on our Website. MT server time is set to GMT+2 and if you need assistance converting MT server time to your local time you can use some of the online time converters such as [WorldTimeBuddy](https://www.worldtimebuddy.com/).



Please note that this analysis should not be used as investing advice as it is only an overview of the economic events influencing the markets. Please remember that our accounts have Market Execution. Please note how Execution works during high impact news and other times of low liquidity.