Fed Holds Steady With Interest Rates at 2-Decade High from fox fashion tv Watch Video

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✓ Published: 13-Jun-2024

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Fed Holds Steady , With Interest Rates at , 2-Decade High.<br/>On June 12, the Federal Reserve chose to hold <br/>interest rates at a two-decade high while it <br/>waits to see more signs of inflation going down.<br/>'The Guardian' reports that officials at the United States <br/>central bank expect to make a single rate cut <br/>in 2024, according to the latest projections.<br/>In previous projections, <br/>policymakers expected the Fed <br/>to make three cuts in 2024. .<br/>At the latest meeting, the Fed chose to <br/>keep rates at the same place they've been <br/>for nearly a year, between 5.25% and 5.5%.<br/>Despite recent data suggesting that inflation <br/>may be easing, the Fed clearly doesn't see it moving <br/>at a pace that would lead it to start cutting rates.<br/>In May, inflation cooled slightly across the U.S., <br/>according to the latest consumer price index, however <br/>consumers remain frustrated over skyrocketing prices.<br/>In May, inflation cooled slightly across the U.S., <br/>according to the latest consumer price index, however <br/>consumers remain frustrated over skyrocketing prices.<br/>'The Guardian' reports that price growth has<br/>slowed significantly since surging over 9% <br/>in 2022, its highest level in a generation.<br/>'The Guardian' reports that price growth has<br/>slowed significantly since surging over 9% <br/>in 2022, its highest level in a generation.<br/>May saw prices for air fare and fuel go <br/>down, inflation for grocery prices remained <br/>flat, and shelter costs continued to rise.<br/>May saw prices for air fare and fuel go <br/>down, inflation for grocery prices remained <br/>flat, and shelter costs continued to rise.<br/>Overall, prices remained unchanged on a month-to-month <br/>basis as the Fed emphasized that it would wait for <br/>inflation to hit its previously-stated target of 2%.<br/>The committee does not expect <br/>it will be appropriate to reduce <br/>the target range until it has <br/>gained greater confidence <br/>that inflation is moving <br/>sustainably toward 2%, Federal Reserve statement, via Fox News