The Fed is only going to cut rates once in 2024 as shelter inflation is too high and the job market is hot, Vanguard says

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• The Fed will only cut interest rates 25 basis-points this year, Vanguard predicted.
• Central bankers will be held back by high shelter costs and a strong job market, the firm said.
• Shelter prices have buoyed inflation, with consumer prices remaining above-target in June.

The Federal Reserve is likely to cut interest rates just once this year...