Stocks fell sharply and bond yields jumped after the Federal Reserve, in Kevin Warsh's debut, held rates steady but signalled a likely increase later this year

The Federal Reserve held rates at 3.5%-3.75% at its June 2026 FOMC meeting under new Chair Kevin Warsh, with futures pricing in a 66% chance of a rate hike.

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.