The U.S. Federal Reserve held interest rates steady at 5.3% and projected just one rate cut in 2024 despite recent inflation easing. This forecast is down from a previous expectation of three cuts, as inflation remains higher than desired. The Fed aims to balance slowing inflation without harming economic growth.
For more detail: https://www.cbc.ca/news/business/fed-interest-rates-june-2024-1.7232727
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