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53· Steady
Markets1d 3h ago
The US Federal Reserve left its benchmark interest rate unchanged at 3.50-3.75% on June 17, marking the fourth consecutive policy pause.
United States, India
Who
US Federal Reserve, US Fed Chair Kevin Warsh, Federal Open Market Committee (FOMC), Reserve Bank of India (RBI)
What
The US Federal Reserve left its benchmark interest rate unchanged at 3.50-3.75% on June 17, marking the fourth consecutive policy pause.
When
Thu, 18 Jun 2026 08:13:09 GMT · 1d 3h ago
Where
United States, India ·
Why
The central bank's latest projections and communication under new Chair Kevin Warsh signalled that borrowing costs could remain elevated for longer than markets had anticipated, with inflation remaining above its 2% target.
The Frontline Impact
How this affects you
The Fed's hawkish stance could keep global financial conditions tight, causing Indian government bonds to pause their rally and potentially keeping the rupee in the 93-96 range against the US dollar.
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