US central bank sees only one interest rate cut in 2024

By Howard Schneider and Ann Saphir
Updated June 13 2024 - 9:00am, first published 8:56am
Jerome Powell said policymakers were content to leave rates until clear signals from the economy. (AP PHOTO)
Jerome Powell said policymakers were content to leave rates until clear signals from the economy. (AP PHOTO)

The Federal Reserve has held interest rates steady and pushed out the start of rate cuts to perhaps as late as December as policymakers sketched out their view of an economy that remains virtually unchanged across its major dimensions for years to come.

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