Much attention will be paid to the Jan. 24-25 Federal Open Market Committee meeting, as, for the first time, members will express their predictions regarding the future federal funds rate target.

While it is unexpected that any changes will be made to ease monetary policy, the projections for the federal funds rate, included in the quarterly Summary of Economic Projections, could provide surprises, especially as the FOMC has already stated and reiterated that rates will remain low through the middle of next year.

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