Fed Holds Steady , With Interest Rates at , 2-Decade High.br On June 12, the Federal Reserve chose to hold br interest rates at a two-decade high while it br waits to see more signs of inflation going down.br 'The Guardian' reports that officials at the United States br central bank expect to make a single rate cut br in 2024, according to the latest projections.br In previous projections, br policymakers expected the Fed br to make three cuts in 2024. .br At the latest meeting, the Fed chose to br keep rates at the same place they've been br for nearly a year, between 5.25 and 5.5.br Despite recent data suggesting that inflation br may be easing, the Fed clearly doesn't see it moving br at a pace that would lead it to start cutting rates.br In May, inflation cooled slightly across the U.S., br according to the latest consumer price index, however br consumers remain frustrated over skyrocketing prices.br In May, inflation cooled slightly across the U.S., br according to the latest consumer price index, however br consumers remain frustrated over skyrocketing prices.br 'The Guardian' reports that price growth hasbr slowed significantly since surging over 9 br in 2022, its highest level in a generation.br 'The Guardian' reports that price growth hasbr slowed significantly since surging over 9 br in 2022, its highest level in a generation.br May saw prices for air fare and fuel go br down, inflation for grocery prices remained br flat, and shelter costs continued to rise.br May saw prices for air fare and fuel go br down, inflation for grocery prices remained br flat, and shelter costs continued to rise.br Overall, prices remained unchanged on a month-to-month br basis as the Fed emphasized that it would wait for br inflation to hit its previously-stated target of 2.