Fed Holds Rates Steady And Expects Only One Cut This Year

Reuters, Fast Company
Wed, 06/12/2024 - 3:15pm

Recent progress has been slow, and Fed officials now project a slightly higher end-of-year inflation rate of 2.6% versus the 2.4% anticipated as of March. The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-point reduction for the year amid rising estimates for what it will take to keep inflation in check.

Topics: march the federal reserve december fed cut year rates steady inflation officials

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Fed Holds Rates Steady And Expects Only One Cut This Year

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