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Economics3h 25m ago

The Federal Reserve held the benchmark interest rate steady on Wednesday and policymakers expect rising borrowing costs later this year, reflecting growing concerns about inflation above the U.S. central bank's 2% target.

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NEW YORK, CHICAGO, OMAHA, LONDON, PHILADELPHIA, PHOENIX, BROOKFIELD, TORONTO

Who
The Federal Reserve, Kevin Warsh, Michael Pearce, Michele Raneri, Brian Storey, Kay Haigh, Stephen Coltman, Phil Blancato, Tom Graff, Brian Jacobsen, Ryan Detrick, Matthias Scheiber, Karl Schamotta, Mark Hackett
What
The Federal Reserve held the benchmark interest rate steady on Wednesday and policymakers expect rising borrowing costs later this year, reflecting growing concerns about inflation above the U.S. central bank's 2% target.
When
Wed, 17 Jun 2026 18:33:48 GMT · 3h 25m ago
Where
NEW YORK, CHICAGO, OMAHA, LONDON, PHILADELPHIA, PHOENIX, BROOKFIELD, TORONTO ·
Why
The decision reflects growing concerns about inflation exceeding the U.S. central bank's 2% target, with strong U.S. hiring and a relatively low unemployment rate.
The Frontline Impact

How this affects you

The Fed's decision to maintain interest rates, coupled with projections for future hikes and a more hawkish communication approach, signals a tightening monetary policy that could impact borrowing costs and consumer credit markets globally.

Story chain

9 events in this thread
  1. Economics2h 46m ago
    The Federal Reserve kept its key rate unchanged, but almost half of its policymakers indicated they could support a rate hike later this year.
    Open article
  2. Economics2h 47m ago
    The Federal Reserve kept its key rate unchanged Wednesday, but almost half of the central bank's policymakers indicated support for a rate hike later this year, an outcome that would disappoint President Trump.
    Open article
  3. Currently Reading3h 25m ago
    The Federal Reserve held the benchmark interest rate steady on Wednesday and policymakers expect rising borrowing costs later this year, reflecting growing concerns about inflation above the U.S. central bank's 2% target.
  4. Economics3h 25m ago
    The Federal Reserve held the benchmark interest rate steady on Wednesday, but policymakers expect rising borrowing costs later this year due to inflation above the U.S. central bank's 2% target.
    Open article
  5. Economics3h 46m ago
    The U.S. dollar extended gains against the euro after the Federal Reserve held the benchmark interest rate steady.
    Open article
  6. Economics3h 46m ago
    The U.S. dollar extended gains against the euro after the Federal Reserve held the benchmark interest rate steady and projected a hike in borrowing costs later this year.
    Open article
  7. Economics3h 47m ago
    The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year, an unexpectedly aggressive outcome that would disappoint President Trump.
    Open article
  8. Economics3h 47m ago
    The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year, an unexpectedly aggressive outcome that would disappoint President Trump and suggests heightened concerns about persistent inflation.
    Open article
  9. Economics3h 47m ago
    The Federal Reserve kept its key rate unchanged Wednesday, but almost half of the central bank’s policymakers indicated support for a rate hike later this year.
    Open article

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