What Happened?  The widely watched June FOMC meeting concluded on Wednesday, 12 June. Again, the Fed kept its benchmark interest rates unchanged at 5.25% to 5.5%. The Fed officials signalled just one interest rate cut this year and projected another four cuts in 2025. Source: Bloomberg. FOMC dot plot as of June 12, 2024. Despite […]

source: https://thefinance.sg/2024/06/13/june-fomc-update-the-fed-signalled-just-one-cut-this-year/