Regulations
The Fed decided to hold rates steady at 3.50 to 3.75 percent for the fourth consecutive meeting, with the vote being unanimous for the first time in a year.
US Federal Reserve Chairman Kevin Warsh holds a press conference at the Federal Reserve Board Building in Washington, DC, on June 17, 2026. (AFP/Brendan Smialowski)
The US Federal Reserve on Wednesday 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 percent for the fourth consecutive meeting, with the vote being unanimous for the first time in a year.
Policymakers said economic activity was "expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East."
