New Fed Chair Kevin Warsh holds rates at 3.50%-3.75% but removes dovish language as nine of eighteen FOMC members now expect a rate hike in 2026.

Warsh’s first Fed meeting offers early signals on 2026 rate hikes and how he may reshape the central bank’s communication strategy.

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.