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Markets3h 36m ago
The Federal Reserve held the federal funds rate steady at 3.50%-3.75% on Wednesday, as widely expected, in the first policy meeting under new Fed Chair Kevin Warsh.
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Who
Federal Reserve, Kevin Warsh
What
The Federal Reserve held the federal funds rate steady at 3.50%-3.75% on Wednesday, as widely expected, in the first policy meeting under new Fed Chair Kevin Warsh.
When
Wed, 17 Jun 2026 18:08:42 GMT · 3h 36m ago
Where
not specified ·
Why
The June statement again described inflation as “elevated” relatively to the 2% goal, in part because of the recent jump in global energy prices, and said the unemployment rate had changed little.
The Frontline Impact
How this affects you
The Federal Reserve, under new Chair Kevin Warsh, maintained interest rates, signaling a hawkish shift with expectations for higher inflation and one hike this year, which could influence global market stability and investment strategies.
Story chain
2 events in this thread- Markets3h 8m agoU.S. stock indexes lost some ground on Wednesday after the Federal Reserve left interest rates unchanged but signaled a potential rate hike later this year, with nine officials anticipating a hike by the end of 2026.Open article
- Currently Reading3h 36m agoThe Federal Reserve held the federal funds rate steady at 3.50%-3.75% on Wednesday, as widely expected, in the first policy meeting under new Fed Chair Kevin Warsh.