The Federal Reserve held rates at 3.5%-3.75% at Kevin Warsh's first meeting as chair while dropping dovish language, signaling possible rate hikes ahead.

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.