Expectations of multiple interest rate cuts in 2024 had faded long back and now the Federal Reserve has almost assured that it isn’t going to happen anymore.On Jun 12, Federal Reserve Chairman Jerome Powell said in the post-FOMC meeting statement that the central bank sees the possibility of only a single rate cut this year, sharply down from three rate cuts hinted earlier this year.This came as the Federal Reserve kept interest rates unchanged in its June FOMC meeting in its current range of 5.25-5.5%.Alth ...