The US Federal Reserve held rates but signalled a tougher path under new chair Kevin Warsh, narrowing the room Brazil's central bank has to keep cutting.

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.

Trump signaled he would allow his new Federal Reserve chair “do what he wants to do.”

The Federal Reserve held interest rates steady at 3.5%-3.75% in Kevin Warsh's first meeting, with policymakers signaling potential rate hikes to combat surging inflation. Despite…