Fed Meeting June 2024 Analysis. At the june fomc meeting, the fed left rates unchanged and lowered its guidance on interest rate cuts to just a single 25 basis points reduction in 2024 (although many on the committee did think two cuts are still a possibility). Consumer prices rose 3% in june, less than expected and down from may's rate, adding pressure on the.
Fed holds rates steady, citing lack of inflation progress; Inflation eased further in june, helping cement path to rate cuts.