Ann SaphirJun 18, 2026 – 4.20amNearly half of US Federal Reserve policymakers have lost faith that merely holding borrowing costs steady will be enough to bring inflation back down to their 2 per cent target in the face of the oil price surge after the Iran war.The Fed announced its decision to leave the policy rate in its current 3.50 per cent to 3.75 per cent range on Wednesday (early Thursday AEST).ReutersSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Nearly half of Fed policymakers see 2026 rate hike in the cards
The Federal Reserve entered the Kevin Warsh era by holding rates steady in a unanimous vote amid red-hot US inflation but officials see higher rates coming.
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