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Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Federal Reserve officials say that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. 
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Information
Source name: 
The Associated Press
Unique identifier: CP172117617 
Legacy Identifier: 7f8803019cb94fefa4801f9060ab2c11 
Type: Video 
Duration: 1m41s 
Dimensions: 1920px × 1080px     123.60 MB 
Usage rights: Digital platform use only. Broadcast rights and editing of content prohibited. 
Create Date: 6/12/2024 9:15:50 PM 
Display aspect ratio: 16:9