Fed holds rates steady, indicates only one cut coming this year

Fed Holds Interest Rates Steady, Signals One Cut This Year

A look at our weird economy after a somewhat uplifting inflation report. - Start a free trial today for full access.

Fed Holds Interest Rates Steady, as Officials Eye One Cut This Year

Inflation is improving, but prices are still growing faster than normal. The economy is slowing but not enough to convince the Federal Reserve that it can take its foot off the brake.

The Fed holds rates steady, sees only one rate cut in 2024 as inflation cools slowly

The Federal Reserve held interest rates steady Wednesday, while signaling it expects to be able to cut rates only once this year.The decision and the rate cut projections came hours after the Labor Department reported a modest — but welcome — easing in the inflation rate last month.The Fed has kept its benchmark interest rate at the highest level in over two decades since last July. That's making it more expensive to get a car loan, finance a b…

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year.

Fed holds rates steady, indicates only one cut this year

The Federal Reserve kept its key interest rate unchanged and signalled that just one cut is expected before the end of the year.

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Federal Reserve officials said Wednesday that inflation fell further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year.