How the Fed’s rate decisions affect your wallet.
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US Federal Reserve holds rates steady, raises inflation expectations
US Federal Reserve holds rates steady, raises inflation expectations Inflation is still above the Fed’s 2 per cent target due to higher energy prices caused by global conflicts and supply shocks. The US Federal Reserve on Wednesday (Jun 17) held interest rates steady as expected at Kevin Warsh's first meeting in charge of the central bank, raising its year-end inflation expectations and projecting a rate hike by the end of 2026. The Fed decided to hold rates steady at 3.50 to 3.75 per cent...
Chairman Warsh drastically alters Fed rate statement. Here's what's changed
Chairman of the Federal Reserve Kevin Warsh delivers remarks after being sworn in during a swearing-in ceremony in the East Room of the White House on May 22, 2026 in Washington, DC. Anna Moneymaker | Getty Images This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in April.
Fed holds rates steady, pares down statement to remove cutting bias
WASHINGTON – Kevin Warsh's first meeting as Federal Reserve chairman concluded Wednesday with no change in interest rates, the removal of key language indicating a bias toward future cuts, and a dramatically shorter policy statement. The Federal Open Market Committee voted unanimously to keep its benchmark overnight borrowing rate anchored in a range of 3.5%-3.75%. The federal funds rate has held there since the central bank lowered rates by three-quarters of a percentage point in the latter...
Federal Reserve holds interest rates steady for fourth time this year
US central bank makes decision in first meeting under new chair and Trump appointee Kevin WarshThe US Federal Reserve left interest rates unchanged for the fourth time this year after its first meeting under new chair, Kevin Warsh, a Donald Trump appointee who has taken over the central bank during a tumultuous time for the US economy. “Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East,” the Fed’s open market...