#FOMCMeeting Fed Holds Rates Steady Amid Inflation Concerns**

The Federal Open Market Committee (FOMC) kept interest rates unchanged at 5.25%-5.50% in its June meeting, signaling a cautious approach as inflation remains above target. While price pressures have eased slightly, policymakers indicated they need more data before considering cuts.

Fed Chair Jerome Powell emphasized that progress on inflation has been "modest," and rate reductions will depend on upcoming economic reports. Markets now expect just one cut in 2024, down from earlier projections of three.

The decision reflects the Fed’s balancing act between curbing inflation and avoiding an economic slowdown.