Interest Rates Unchanged As Fed Remains Cautious.

The article reports that U.S. Federal Reserve (Fed) officials did not change interest rates at their meeting on June 12, 2024 and predicted they will cut borrowing costs just once before the end of 2024. Topics discussed include the prediction by Fed officials on interest rates when they last released quarterly economic estimates, statement from Fed chair Jerome H. Powell, and implication of the Fed's more cautious approach for American families.