FED:
The Federal Reserve has recently held interest rates steady, but they have lowered their forecast to just one rate cut in 2024 amid high inflation1. Despite the Consumer Price Index (CPI) report showing a further slowdown in inflation, the Fed is taking a cautious approach1. They see some progress on inflation but are downgrading their outlook for interest rate cuts2. The benchmark rate remains in a range of 5.25% to 5.5%, the same level it’s been since July 20233. This decision reflects the Fed’s efforts to balance economic growth with the need to control inflation.
