Today, the Federal Reserve decided to keep the federal funds rate unchanged, in the range of 5.25% to 5.50%. This decision reflects a cautious stance towards inflation, which although it has shown signs of decline, has not yet reached the 2% objective and remains around 3.4% [oai_citation:1,United States Federal Reserve Interest Rate Decision]( https://www.investing.com/economic-calendar/interest-rate-decision-168/) [oai_citation:2,Fed Holds Rates Steady, Eyes Three Cuts in 2024: What the Experts Are Saying | Kiplinger](https://www.kiplinger.com/investing/fed-holds-rates-steady-eyes-three-cuts-in-2024-what-the-experts-are-saying).

Despite keeping rates unchanged, the Fed is still projecting three rate cuts by the end of this year, with the first possibly occurring as soon as June, depending on future economic data. This outlook is supported by expectations of stronger economic growth and a stable labor market