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Economics1h 40m ago

The Federal Reserve held interest rates steady on Wednesday as the economy weathers its highest inflation in three years.

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Switzerland

Who
The Federal Reserve, Kevin Warsh, President Donald Trump, Iranian Deputy Foreign Minister Kazem Gharibabadi, Jerome Powell
What
The Federal Reserve held interest rates steady on Wednesday as the economy weathers its highest inflation in three years.
When
Wed, 17 Jun 2026 18:11:00 GMT · 1h 40m ago
Where
Switzerland ·
Why
Inflation jumped for a third consecutive month as the Iran war continued to drive up prices in May, surpassing 4% for the first time in three years.
The Frontline Impact

How this affects you

The Federal Reserve's decision to maintain interest rates, despite significant inflation, signals a cautious approach to economic management. The U.S.-Iran deal, if successful in reopening the Strait of Hormuz, could alleviate global oil supply concerns, potentially lowering gasoline prices.

Story chain

25 events in this thread
  1. Economics1h 9m ago
    The Federal Reserve held US interest rates between 3.5% and 3.75% after Kevin Warsh's first meeting in charge of the central bank.
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  2. Economics1h 17m ago
    The Federal Reserve held interest rates steady on Wednesday, but policymakers expect a hike in borrowing costs later this year amid growing concerns about inflation lodged above the U.S. central bank's 2% target.
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  3. Economics1h 17m ago
    The US Federal Reserve has held the benchmark interest rate steady and policy makers expect a hike in borrowing costs later this year amid growing concerns about inflation lodged above the United States central bank's two per cent target.
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  4. Economics1h 25m ago
    The Federal Reserve held the benchmark interest rate steady on Wednesday, with policymakers expecting a hike in borrowing costs later this year due to concerns about inflation.
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  5. Economics1h 34m ago
    The Federal Reserve on Wednesday held interest rates steady for the fourth consecutive meeting.
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  6. Currently Reading1h 40m ago
    The Federal Reserve held interest rates steady on Wednesday as the economy weathers its highest inflation in three years.
  7. Economics2h 8m ago
    A Fed rate pause could keep savings, mortgage, loan, and credit card costs steady.
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  8. Economics3h 39m ago
    The Fed's interest rate decision is scheduled for 2pm EST, followed by Chair Kevin Warsh’s first official press conference at 2:30pm EST.
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  9. Economics3h 39m ago
    The Fed’s interest rate decision is due at 2pm EST, followed by Chair Kevin Warsh’s first official press conference at 2:30pm EST on Wednesday (June 17).
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  10. Economics3h 39m ago
    Most experts expect the Federal Reserve to keep interest rates unchanged at 3.5% to 3.75%, according to USA Today.
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  11. Economics3h 39m ago
    The Federal Reserve's interest rate decision is expected to keep rates unchanged at 3.5% to 3.75%, following three months of job growth but also rising inflation.
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  12. Economics5h 46m ago
    The Fed is likely to keep its key rate unchanged Wednesday at about 3.6% for the fourth straight meeting, economists say.
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  13. Economics5h 50m ago
    The US Federal Reserve is expected to hold interest rates steady today at Kevin Warsh's first meeting in charge of the central bank.
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  14. Economics5h 53m ago
    Federal Reserve Chair Kevin Warsh is heading the central bank's two-day policy meeting, concluding this afternoon, with investors looking beyond the interest-rate decision itself for clues about how he plans to reshape the central bank.
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  15. Economics5h 55m ago
    The Federal Reserve will enter the Kevin Warsh era Wednesday, as President Trump’s pick to lead the central bank oversees his first policy meeting.
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  16. Economics8h 17m ago
    The US central bank is expected to hold the federal funds target steady at a range of 3.50% to 3.75%.
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  17. Economics8h 17m ago
    The Federal Reserve is slated to announce the outcome of its two-day meeting later today, 17 June, with expectations to hold the federal funds target steady at 3.50% to 3.75%.
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  18. Economics8h 17m ago
    The Federal Reserve is slated to announce the outcome of its two-day meeting later today, 17 June.
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  19. Economics8h 46m ago
    The Federal Reserve is widely expected to leave interest rates unchanged today, with the focus shifting to new Chairman Kevin Warsh's approach to monetary policy.
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  20. Economics8h 46m ago
    The Federal Reserve is widely expected to leave interest rates unchanged today.
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  21. Economics9h 21m ago
    Silver futures declined for the second straight day on Wednesday, falling by ₹1,705 to ₹2.48 lakh per kg.
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  22. Economics9h 49m ago
    The Federal Reserve is expected to hold interest rates steady on Wednesday at the end of the first meeting chaired by Kevin Warsh.
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  23. Economics10h 20m ago
    The Federal Reserve is expected to keep interest rates on hold this week.
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  24. Economics10h 20m ago
    The Federal Reserve is expected to keep interest rates on hold this week, but the focus is on what new Chairman Kevin Warsh will do next.
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  25. Economics10h 51m ago
    Rising inflation and new Federal Reserve chairman Kevin Warsh will take center stage on Wednesday when the central bank meets to decide on the path forward for interest rates.
    Open article

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