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Investors are finally waking up to the idea that the interest-rate cuts seen as a slam dunk earlier this year may not happen in 2024.

The Federal Reserve is likely to continue holding interest rates steady this week, but a cut could come later in the year.

The Federal Reserve is expected to continue its pause on interest rate hikes this week, with cuts likely to come later this year.

Inflation rose at a higher-than-expected rate of 3.4% last month, damping market expectations of imminent cuts to interest rates.