NEW YORK, June 17 : Major stock indexes fell, bond yields rose and the U.S. dollar extended gains on Wednesday after the Federal Reserve held the benchmark interest rate steady and new projections showed officials expect a hike in borrowing costs later this year amid increasing inflation concerns.Kevin Warsh,

Futures markets overwhelmingly expect the Fed to hold interest rates steady.

The US Federal Reserve is expected to hold interest rates steady on Wednesday at Kevin Warsh's first meeting in charge of the central bank, with rate hikes potentially on the…