The US Federal Reserve is expected to leave interest rates unchanged at its policy meeting on Wednesday, the first under new Fed Chair Kevin Warsh. Markets are pricing in a pause, with the benchmark rate likely to remain in the 3.5%-3.75% range. Investors will focus on the Fed's commentary for signals on inflation trends, the future path of interest rates, and Warsh's approach to guiding market expectations.

The Federal Reserve's June meeting, the first helmed by new Fed Chair Kevin Warsh, may impact many consumer borrowing and savings rates down the road.

The Federal Reserve is expected to hold rates at 3.50%-3.75% at its June meeting, with 96% probability. New chair Kevin Warsh faces his first FOMC decision.