Fed holds interest rates steady, projects just one cut this year
The Federal Reserve on Wednesday held interest rates steady for the seventh straight time and scaled back the outlook for rate reductions later this year as high inflation lingers.
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The story so far
2 developments- Jun 11, 2024Only lean-left coverage:The Fed's next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts
- Jun 12, 2024Fed holds interest rates steady, projects just one cut this year
Who covered each development
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Quiet for 839 daysLast development · Jun 12, 2024 — Fed holds interest rates steady, projects just one cut this year
The bigger story
Left
4 viewpointsFed holds interest rates steady, as officials eye one cut this year
The Fed Holds Rates Steady and Predicts Just One Reduction This Year
The Fed now expects just one interest rate cut this year — but there's still time for that to change, Powell says
The Fed confirms that Americans will have to wait longer for interest rate cuts
Center
9 viewpointsFed holds interest rates steady at 23-year high despite US inflation easing slightly in May
Today's Positive Inflation News Didn't Sway the Fed, Which Held Steady on Interest Rates
Right
6 viewpointsFed holds interest rates steady, as officials eye one cut this year
Federal Reserve forecasts just one rate cut for this year on the heels of a cool inflation report
Fed leaves rates unchanged, sees just one cut in 2024 despite inflation progress
Fed likely to hold rates steady, project fewer cuts in 2024