Fed Holds Rates Unchanged (As Expected), 'Dots' Signal Hawkish Bias As Warsh Takes Over

FOMC holds interest rates steady as dot plot reveals hawkish shift under new Chair Warsh

The FOMC voted 12-0 to hold rates at 3.50%-3.75% while the dot plot shifted hawkish, with 9 of 18 officials projecting higher rates by year-end 2026.