# Fed minutes January 2025:

> Minutes from the January 2025 Federal Open Market Committee meeting showed officials unanimously held rates steady after 2024's cuts. Members said they wanted to see more progress on inflation and were concerned that Trump's tariffs could keep inflation elevated.

- Date: 2025-02-19 · published 2025-02-19T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/25967-fed-minutes-january-2025
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A slower path to rate cuts supports the dollar and raises borrowing costs for farm and feed operations, though the direct effect on feed commodity prices is limited.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-01-27 | [Fed decision January 2021: rates unchanged](https://feedsoft.ai/events/49064-fed-decision-january-2021-rates-unchanged.md) | +0.6% | +0.1% |
| DXY | 2019-02-20 | [January FOMC minutes: Little risk in pause](https://feedsoft.ai/events/60767-january-fomc-minutes-little-risk-in-pause.md) | -0.5% | -0.4% |
| DXY | 2024-02-21 | [Fed worried about cutting rates too soon, minutes of January meeting show](https://feedsoft.ai/events/31868-fed-worried-about-cutting-rates-too-soon-minutes-of-january-meeting-show.md) | -0.0% | -0.1% |
| DXY | 2019-04-10 | [Fed Minutes: The Wait and See Approach](https://feedsoft.ai/events/59521-fed-minutes-the-wait-and-see-approach.md) | +0.1% | +0.9% |
| DXY | 2022-12-01 | [Dollar down as Fed minutes, U.S. data weighs](https://feedsoft.ai/events/38841-dollar-down-as-fed-minutes-u-s-data-weighs.md) | -0.6% | -1.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2025/02/19/fed-minutes-january-2025-.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.