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What's The Fed's Next Move? | J.P. Morgan Global Research
What's The Fed's Next Move? | J.P. Morgan Global Research
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Federal Reserve holds interest rates steady, projects 2% GDP growth in 2026
Federal Reserve holds interest rates steady, projects 2% GDP growth in 2026
Federal Reserve holds interest rates steady, projects 2% GDP growth in 2026
The first FOMC meeting under Chair Kevin Warsh keeps rates at 3.50%-3.75% as persistent inflation and geopolitical pressures keep the central bank in wait-and-see mode
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by
Editorial Team
Jun. 17, 2026
The Federal Reserve opted to hold its benchmark federal funds rate at 3.50%-3.75% following the June 16-17 FOMC meeting, choosing stability over action as inflation continues to run above the central bank’s comfort zone. Markets had priced in this outcome with near-total certainty, putting the probability of a hold at 99-100% heading into the decision.
This was the first meeting with Kevin Warsh officially at the helm as Fed Chair. The median GDP growth forecast sits at approximately 2% over the coming years. The unemployment rate projection landed around 4.3%, suggesting a labor market that remains solid but not overheating.
Why the Fed is standing pat
Persistent inflation, fueled in part by elevated oil prices tied to geopolitical tensions, has kept the Fed from easing. At the same time, economic growth hasn’t …
Will the Fed pause interest rates? Powell, Cook investigations loom
Will the Fed pause interest rates? Powell, Cook investigations loom
MONEY
Federal Reserve System
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Will the Fed pause interest rates? What to know amid legal uncertainty
Rachel Barber
USA TODAY
Jan. 25, 2026
Updated Jan. 26, 2026, 11:49 a.m. ET
Hear this story
Although the Federal Reserve is expected to leave interest rates unchanged at the conclusion of its two-day meeting Jan. 28, a cloud of political and legal uncertainty is looming over the central bank.
The Fed cut rates at its past three meetings, bringing the federal funds rate to a range of 3.5% to 3.75%. Economists say that with inflation and the labor market little changed since policymakers last met in December, and with some committee members suggesting policy is near neutral, there is
little expectation
of another rate cut this month.
“The focus is going to be on the commentary,” said Liz Thomas, head of investment strategy at SoFi. Thomas said she will be listening for whether Chair Jerome Powell signals the Fed is as concerned about the labor market as it was last year, how officials are assessing inflation risks as
the legal battle over tariffs
continues and whether Powell addresses recent geopolitical deve…
Warsh-led Fed likely to hold rates steady: What new leadership means
Warsh-led Fed likely to hold rates steady: What new leadership means
The Federal Reserveis expected to holdinterest ratessteady at itspolicy meeting this week— the first helmed by new Fed ChairKevin Warsh— doing little to ease the affordability concerns plaguing many U.S. households.
PresidentDonald Trump's pick to lead the central bank previously indicated he would consider cutting rates, but with the currentinflation rateroughly double the Federal Reserve's 2% long-term target, the central bank may be more likely toconsider hiking rates, experts say.
That would put Warsh in opposition to Trump, who has said that ratesshould be sharply lower. Fed funds futures indicate virtually no chance of a rate cut at the June meeting, according to CME'sFedWatchtool.
"A Trump-friendly Warsh would probably still try to toe the line between sounding neutral and acknowledging that hikes are a possibility," according to a June 11 research note by Capital Economics.
Both high interest rates and high prices can hurt consumers, so the Fed's moves require a delicate balance. For now, "Americans should expect rates to remain higher than they'd like in the near future," said Matt Schulz, chief cred…
Federal Reserve trims US borrowing costs - but signals a pause in ...
Federal Reserve trims US borrowing costs - but signals a pause in ...
ByJOHN-PAUL FORD ROJAS, DEPUTY BUSINESS EDITOR
Updated:17:00 EDT, 10 December 2025
1
Viewcomments
The US Federal Reserve last night cutinterest ratesbut signalled a pause in further reductions.
It lowered borrowing costs as rate-setters put concerns over jobs and economic growth ahead of worries about highinflation.
The central bank cut rates by 0.25 percentage points to a range of between 3.5 per cent and 3.75 per cent, as widely expected by markets.
But projections issued alongside the decision suggested rate-setters see just one quarter-point cut in 2026.
And language in its statement about assessing incoming data before any further move was seen as signalling a pause.
The statement added: ‘Available indicators suggest that economic activity has been expanding at a moderate pace.
Borrowing boost: The US Federal Reserve cut rates by 0.25 percentage points to a range of between 3.5% and 3.75%, as widely expected by markets
‘Job gains have slowed this year and the unemployment rate has edged up through September.’
It comes as the Fed remains under intense pressure, with chairman Jerome Powell heavily…
Fed Signals Shift At June Meeting With Markets Pricing In 2026 Hike
Fed Signals Shift At June Meeting With Markets Pricing In 2026 Hike
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Fed Signals Shift At June Meeting With Markets Pricing In 2026 Hike
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Jun 08, 2026, 09:02am EDT
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TOPSHOT - US President Donald Trump shakes hands with the new Chairman of the Federal Reserve Kevin Warsh (L) during a swearing in ceremony in the East Room of the White House in Washington, DC on May 22, 2026. The US Senate confirmed Kevin Warsh as the new Federal Reserve Chairman on May 13 to lead a central bank whose independence is under attack and with inflation at a three-year high. (Photo by Aaron Schwartz / AFP via Getty Images)
AFP via Getty Images
Kevin Warsh’s first Federal Open Market Committee meeting on June 16–17 is likely to mark a formal shift away from the Fed’s easing bias, opening the door to
potential rate hikes later in 2026
as inflation accelerates and labor markets remain firm.
The
CME FedWatch Tool
now assesses one or two hikes as relatively likely in 2026, even though holding rates steady…
The Fed - Monetary Policy in Uncertain Times - Federal Reserve Board
The Fed - Monetary Policy in Uncertain Times - Federal Reserve Board
August 30, 2024
Simon C. Smith, Allan Timmermann, Jonathan H. Wright*
"... gradualism is a well-established principle for central banks in times of uncertainty. When faced with uncertainty about the resilience of the economy, it pays to move carefully. In keeping with this, we have adjusted our forward guidance on interest rates to temper expectations of any abrupt or automatic moves."(Christine Lagarde, 2022.)1
As the opening quote suggests, it may be optimal for monetary policymakers to act more cautiously when uncertainty is high. Uncertainty comes in many forms. One crucial source of uncertainty surrounds the slope of the Phillips curve. The Phillips curve is a key element of the New-Keynesian macroeconomic model and is critical in how central banks think of the macroeconomy. Misjudging the slope of the Phillips curve will hinder the central bank's ability to meet its inflation target. This is particularly concerning given the mounting evidence that the Phillips curve is unstable. For example, previous studies have identified that the Phillips curve may have flattened towards the end of last century (Hazel…
Fed holds interest rates steady as inflation hits 3-year high
Fed holds interest rates steady as inflation hits 3-year high
Futures markets overwhelmingly expected the Fed to keep rates unchanged.
The Federal Reserve heldinterest ratessteady on Wednesday as the economy weathers its highestinflationin three years.
The announcement marked the first decision on interest rates rates since Trump nomineeKevin Warshtook the helm as Fed chair.
The Federal Open Market Committee (FOMC), a 12-member policymaking body at the Fed, issued a statement describing inflation as "elevated."
The current level of inflation in part reflects "supply shocks that have driven price increases in certain sectors, including energy," the FOMC said.
All 12 members of the FOMC voted to hold interest rates steady, meaning Warsh and his predecessor, former Fed Chair Jerome Powell, agreed on the rate decision.
The policy move also arrived at a moment of flux for the nation’s economy, just days after anagreementbetween the United States and Iran offered hope for some price relief.
The U.S.-Iran accord, set to be formally signed on Friday, came as gasoline prices fell below $4 a gallon for the first time since March. Still, fuel costs stand well above pre-war levels, and…
Fed Rate Cuts Offer Limited Relief for Debt-Burdened Amer...
Fed Rate Cuts Offer Limited Relief for Debt-Burdened Amer...
Inflation cools and the Fed trims interest rates, yet US households see scant relief as credit card debt and APRs stay high – spurring repayment plans.
Wall Street celebrated this weekas the latest inflation data met expectations, easing fears about persistent price pressures and supporting the Federal Reserve’s recent quarter-point rate cut. But for millions of Americans struggling with credit card debt and personal loans, the impact on their daily financial reality remains limited.
The Fed’s25 basis point reductionto a 4.00% to 4.25% range marked the central bank’s continued efforts to balance economic growth with inflation control. Friday’s Personal Consumption Expenditures data showed inflation rising at a measured 0.3% month-on-month pace, matching economist expectations, while consumer spending increased slightly above forecasts in August.
Richmond Fed Bank President Thomas Barkin acknowledged the uncertain terrain ahead, telling Bloomberg Television he had ‘very low confidence in inflation forecasts right now as tariffs continue to impact the economy.’ TheFederal Reserve’s actions remain under scrutinyas policy…
Fed holds rates steady in first policy decision under Kevin Warsh | CNN ...
Fed holds rates steady in first policy decision under Kevin Warsh | CNN ...
•
Decision day
The Federal Reserve said Wednesday it is keeping its interest rate unchanged for the fourth-straight time as it continues to monitor the impact of the US-Israeli war on rising prices.
•
New sheriff in town
Trump appointee Kevin Warsh led
his first policy meeting
as Fed chairman after being sworn in last month to succeed Jerome Powell.
• A shift toward hiking
President Donald Trump appointed Warsh to cut interest rates and has joked that he would sue his Fed chairman if he does not lower borrowing costs. But most of Warsh’s colleagues signaled in their economic outlook today that they anticipate hiking rates at some point this year.
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Chairman of the Federal Reserve Kevin Warsh delivers remarks after being sworn in at the White House on May 22.
Roberto Schmidt/Getty Images
The Federal Reserve issued a 132-word, simple and declarative statement on Wednesday, following new Fed Chairman Kevin Warsh’s stated desire for the Fed to talk less (we’ll see about the big stick).
In the prior meeting – the last under former Fed Chair Jerome Powell – the Fed issued a 314-word…
Trump wants lower borrowing costs—but Fed rate cuts may be ... - CNBC
Trump wants lower borrowing costs—but Fed rate cuts may be ... - CNBC
Related Stories
The Federal Reserve isset to announceif it will adjust its benchmark interest rate on Wednesday, with President Donald Trump pushing for a rate cut.
Trump renewed his call for interest rate cuts in aspeechat the World Economic Forum on Jan. 21, during which he also mockedFederal Reserve Chair Jerome Powell as "too late" for not lowering the benchmark rate sooner.
While the Fed has enacted three 25 basis point cuts since September, Trump has argued the central bank waited too long to begin cutting rates and is now moving too cautiously.
However, the Fed is unlikely to adjust rates in the coming months — as of Tuesday afternoon, there's about a 72% chance that the Fed's benchmark rate holds steady through most of April, according to theCME FedWatch tool, which tracks market expectations based on futures pricing.
The Fed's rate-setting committeeis expectedto keep its benchmark federal funds rate unchanged at 3.50% to 3.75% on Wednesday, per the CME FedWatch tool, a decision that influences mortgage rates, credit cards and loans.
But that influence is indirect and uneven across different types …
Federal Reserve holds interest rates steady amid ...
Federal Reserve holds interest rates steady amid ...
The Federal Reserve on Wednesday left its benchmark interest rate unchanged amid
resurgent inflation
, but nearly half of its policymakers said they would support a rate hike later this year.
The Federal Open Market Committee (FOMC) kept the federal funds rate, which affects borrowing costs for consumers and businesses, in its current range of 3.5% to 3.75%
.
Economists had widely expected the central bank to keep rates steady.
The so-called easing bias — a sentence in recent FOMC policy statements signaling the central bank was leaning toward cutting interest rates — was removed from the June
guidance
, which was significantly slimmer than the typical statement.
"You might have already noticed something, a difference in today's policy statement," Warsh said in a press conference to discuss the Fed's latest interest rate decision. "It's a bit shorter, a bit simpler and it dispenses with some older language. That statement just gives you the facts as best we can judge it."
The Fed also released its
Summary of Economic Projections
on Wednesday, which shows that nearly half of FOMC members said they could support a rate hike later …
Federal Reserve issues FOMC statement
Federal Reserve issues FOMC statement
April 29, 2026
For release at 2:00 p.m. EDT
Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, on average, and the unemployment rate has been little changed in recent months. Inflation is elevated, in part reflecting the recent increase in global energy prices.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Developments in the Middle East are contributing to a high level of uncertainty about the economic outlook. The Committee is attentive to the risks to both sides of its dual mandate.
In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3‑1/2 to 3‑3/4 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective.
In assessing the appropriate stance of monetary policy, the Committee will co…
US Fed begins Warsh era with hold on interest rates, may hike later this year
US Fed begins Warsh era with hold on interest rates, may hike later this year
The US Federal Reserve held interest rates steady on Wednesday, but policymakers expect a hike in borrowing costs later this year amid growing concerns about inflation lodged above the US central bank’s 2 per cent target.
New quarterly projections showed nine Fed officials now anticipate a hike in rates by the end of 2026, and an updated policy statement removed language that had been used to flag the likelihood of further reductions in borrowing costs this year.
Indeed, the statement, in an...
Federal Reserve policymakers show support for rate hikes as Warsh reins ...
Federal Reserve policymakers show support for rate hikes as Warsh reins ...
The Federal Reserve kept its key rate unchanged Wednesday yet half the central bank’s policymakers said they could support a rate hike later this year.
Federal Reserve Chairman Kevin Warsh speaks during a news conference following the Federal Open Market Committee meeting, Wednesday, June 17, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)
Federal Reserve Chairman Kevin Warsh speaks during a news conference following the Federal Open Market Committee meeting, Wednesday, June 17, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)
Federal Reserve Chairman Kevin Warsh speaks during a news conference following the Federal Open Market Committee meeting, Wednesday, June 17, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)
Federal Reserve Chairman Kevin Warsh speaks during a news conference following the Federal Open Market Committee meeting, Wednesday, June 17, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)
WASHINGTON (AP) — The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year.
The unexpectedly aggressive …
Fed interest rate decision April 2026: Fed holds rates steady ... - CNBC
Fed interest rate decision April 2026: Fed holds rates steady ... - CNBC
An unusually dividedFederal Reserveon Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaiteda looming leadership transitionat the central bank.
In what may have been ChairJerome Powell's final meeting at the helm, the rate-setting Federal Open Market Committee voted to hold the benchmark funds rate in a range between 3.5%-3.75%. Markets had been pricing in a 100% chance of no change.
However, the meeting saw a dramatic turn amid a groundswell of officials who opposed messaging that further rate cuts could be ahead. Amid expectations for a routine vote to hold the benchmark funds rate steady, the FOMC instead was split along 8-4 lines, with officials expressing different reasons for their vote.
The last time four FOMC members dissented was in October 1992.
Separately, during a news conference following the central bank's decision, Powell signaled that he wouldremain on the Board of Governors for an indefinite period. He said he is waiting until an investigation into Federal Reserve's renovations "is well and truly over with transparen…
Fed minutes: Officials deeply divided over future path of US inflation
Fed minutes: Officials deeply divided over future path of US inflation
Federal Reserve Chairman Kevin Warsh speaks during a news conference following the Federal Open Market Committee meeting, Wednesday, June 17, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)
WASHINGTON (AP) — The Federal Reserve’s rate-setting committee is split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down, according to minutes released Wednesday.
In the first set of minutes released undernew chair Kevin Warsh, “many” of the Fed’s 19 officials said its key rate would be unchanged from or slightly below its current level of 3.6% by the end of this year. But “many” also said that it would likely be higher by year-end.
Forecasts released after the meeting ended June 17 showed that half of the 18 policymakers who submitted projections supported lifting rates by the end of this year, while the other half supported keeping them unchanged or reducing them. Warsh did not submit a forecast, reflecting his view that doing so can lock policymakers into a specific approach that is harder to change if the economy shifts direction.
The minutes underscored the deep …
FOMC Updates: Fed Holds Interest Rates Steady at Warsh's First Meeting ...
FOMC Updates: Fed Holds Interest Rates Steady at Warsh's First Meeting ...
It's the fourth Fed day of the year — and new Chair Kevin Warsh is clocking in.
The Federal Open Market Committee held rates steady on Wednesday as widely expected, with inflation hitting its highest point in years. The meeting, and Warsh's first press conference, will set the tone for a new era at the central bank.
Business Insider is following the news, including economists' insights, market moves, and what the interest rate decision means for consumers. Follow along for updates.
The June meeting includes the Fed's quarterly economic projections for the coming few years. The FOMC expects core inflation to slow and anticipates that the unemployment rate will hover around 4% over the next few years.
The dot plot — which captures central bank leaders' long-term predictions for interest rates — showed a relatively even split: nine FOMC members anticipate a hold or modest cut this year, while nine project at least one hike.
There were no dissents on Wednesday's vote. The FOMChad disagreed on interest ratesat every previous meeting since last July, with four dissents at the April meeting. Today's vote mark…
Fed Holds Rates Steady as Dot Plot Signals One Rate Hike in 2026 Under ...
Fed Holds Rates Steady as Dot Plot Signals One Rate Hike in 2026 Under ...
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Deep Analysis
Fed Holds Rates Steady as Dot Plot Signals One Rate Hike in 2026 Under New Chair Kevin Warsh
Written By:
Lilly Mwogah
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Deep Analysis
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4 hours ago
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Last updated:
4 hours ago
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Summary:
The Federal Reserve held rates steady at 3.50%-3.75%, but the latest dot plot signaled one rate hike in 2026 as Kevin Warsh chaired his first Fed meeting.
The Federal Reserve left interest rates unchanged on Wednesday, maintaining the federal funds rate at 3.50% to 3.75% in a unanimous decision, while signaling that policymakers still expect at least one rate hike before the end of 2026.
The decision marked the first Federal Open Market Committee (FOMC) meeting chaired by Kevin Warsh, who succeeded Jerome Powell as Federal Reserve Chair earlier this year. The outcome was widely
expected by markets
, but investors closely examined the Fed’s updated economic projections and interest rate outlook for clues about the future path of monetary policy.
According to the latest Summary of Economic Projections, commonly known as the dot plot, Fed officials now expect the benchmark interest rate to end 2026 at 3.…
Federal Reserve Monetary Policy | U.S. Bank
Federal Reserve Monetary Policy | U.S. Bank
Capitalize on today's evolving market dynamics.
With changes to taxes and interest rates, it's a good time to meet with a wealth advisor.
May 1, 2026
6-min read
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July 22, 2026
Federal Reserve (Fed) policy stayed steady at 3.50% to 3.75% as officials weighed inflation risk, slower hiring and Middle East uncertainty.
Energy prices could slow inflation’s return to the Fed’s 2% goal, even as shelter costs continue easing.
Markets expect the Fed to hold rates steady longer, making diversified portfolios and disciplined positioning especially important.
The Federal Reserve (Fed) influences borrowing costs, savings returns, and overall financial conditions across theeconomy. At itsApril 29 meeting, the Federal Open Market Committee (FOMC) left the federal funds target range at 3.50% to 3.75%, which markets broadly expected. The Fed also acknowledged thatMiddle Eastdevelopments have increased uncertainty around the economic outlook and said officials are watching risks to both inflation and employment.1
The decision kept the Fed in a wait-and-see posture as officials balanceinflation riskagainst asofter labor market. Nearly all v…
Federal Reserve holds interest rates steady, citing elevated economic ...
Federal Reserve holds interest rates steady, citing elevated economic ...
The Federal Reserve on Wednesday left its benchmark interest rate unchanged, marking the central bank's second consecutive pause in 2026. In its policy
statement
, the Fed said U.S. economic uncertainty remains elevated, adding that the
impact of the Iran war
also remains unclear.
The Fed maintained the federal funds rate — what banks charge each other for short-term loans — in its current range of 3.5% to 3.75%. The decision to keep rates steady was widely expected by investors.
Rate cuts still on the table?
Fed officials indicated they still expect to cut their key rate once in 2026, the same projection as in December. By keeping their forecast for a rate cut this year and next, policymakers appear to expect that the spike in energy prices from the Iran war will have a transitory effect on inflation and the economy.
The central bank is facing a murkier economic outlook for the U.S., with the
Iran war
causing
energy prices to spike
and threatening to drive up inflation. Before the start of the war on February 28, economists had penciled in the next rate cut for the Fed's June meeting, but the probability of…
US Federal Reserve holds rate steady, projects rate-hike by year-end ...
US Federal Reserve holds rate steady, projects rate-hike by year-end ...
The US Federal Reserve on Wednesday held interest rates steady as expected at Kevin Warsh's first meeting in charge of the central bank, raising its year-end inflation expectations and projecting a rate hike by the end of 2026.
The Fed decided to hold rates steady at 3.50 to 3.75 per cent for the fourth consecutive meeting, with the vote being unanimous for the first time in a year.
Policymakers said economic activity was "expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East."
"Inflation remains elevated relative to the Committee's 2-per cent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy."
Fed leaders also released their Summary of Economic Projections on Wednesday, raising year-end PCE inflation expectations to 3.6 per cent from 2.7 per cent in March, as the world's largest economy grapples with price increases at a three-year high.
US households have been battered by years of higher-than-expected prices, with inflation surging further away from the Fed's long-term two per cent target …
Fed Outlook 2026: Rate Forecasts and Fixed Income Strategies - iShares
Fed Outlook 2026: Rate Forecasts and Fixed Income Strategies - iShares
Key takeaways
We believe the most likely path for Fed policy in 2026 is for the central bank to bring rates down from the current range of 3.50% to 3.75% to closer to 3% over the course of the year.
Ultimately, Fed policy in 2026 will depend on economic data, particularly on inflation and the labor market. But Fed Chairman Jay Powell’s term expires in May 2026 and a potential new chair may result in some uncertainty.
Given the expected path of Fed policy, we see opportunities for investors in the belly of the yield curve, managing interest rate risk with bond laddering and seeking higher income outside of core bonds.
Federal Reserve leaves interest rates unchanged - NBC4 Washington
Federal Reserve leaves interest rates unchanged - NBC4 Washington
Economy
Federal Reserve policymakers show support for rate hikes as Warsh reins in guidance
In a set of quarterly projections, nine Fed officials said they expected at least one rate hike this year, with six supporting two or more.
By Christopher Rugaber | The Associated Press
•
Published 5 hours ago
•
Updated 32 minutes ago
BOOKMARKER
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The Federal Reserve sets the federal interest rate, which can impact everything from from your mortgage to your car loans. Here’s what you need to know.
The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year.
The unexpectedly aggressive tilt toward higher rates would
disappoint President Trump
and suggests heightened concerns about persistent inflation among Fed officials.
Stream NBC4 newscasts for free right here, right now.
WATCH HERE
In an unusually short statement after their two-day meeting, the officials dropped language that had suggested their next move would be to cut the key rate. The brief statement reflects the influence of new chair Kevin Warsh, w…
Federal Reserve keeps rate unchanged, but nearly half of policymakers ...
Federal Reserve keeps rate unchanged, but nearly half of policymakers ...
Federal Reserve Chairman Kevin Warsh speaks as he is sworn in at the White House on May 22.
(Alex Brandon / Associated Press)
By
Christopher Rugaber
June 17, 2026
12:12 PM PT
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The Federal Reserve left its benchmark rate near 3.6%, but nearly half of policymakers now back a hike this year, abandoning earlier cut projections amid persistent, three-year-high inflation.
New Fed Chair Kevin Warsh is remaking how the central bank communicates, scrapping forward guidance and long statements as he weighs inflation risks against President Trump’s demands for lower rates.
With inflation fueled by the Iran war’s gas shock and a rebounding job market, households and Wall Street face the prospect of higher borrowing costs heading into the midterm elections.
WASHINGTON —
The Federal Reserve kept its key rate unchanged Wednesday, yet almost half of the central bank’s …
Federal Reserve holds interest rates steady for fourth time this year
Federal Reserve holds interest rates steady for fourth time this year
<p>US central bank makes decision in first meeting under new chair and Trump appointee Kevin Warsh</p><p>The US Federal Reserve left interest rates unchanged for the fourth time this year after its first meeting under new chair, Kevin Warsh, a Donald Trump appointee who has taken over the central bank during a tumultuous time for the US economy.</p><p>“Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East,” the Fed’s open market committee said in a short statement. “Productivity growth and capital investment are strong. Job gains have kept pace with the workforce, and the unemployment rate has changed little.”</p> <a href="https://www.theguardian.com/business/2026/jun/17/federal-reserve-interest-rates">Continue reading...</a>
Federal Reserve keeps interest rates steady as inflation uncertainty ...
Federal Reserve keeps interest rates steady as inflation uncertainty ...
Capitalize on today's evolving market dynamics.
With changes to taxes and interest rates, it's a good time to meet with a wealth advisor.
April 29, 2026
5-min read
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July 22, 2026
The U.S. Federal Reserve (Fed) kept its policy interest rate at a range of 3.50%-3.75% as it navigates heightened inflation uncertainty and a slow labor market.
The Fed remains hesitant to provide clear forward guidance due to inflation uncertainty, with some members dissenting with messaging used in their statement.
Markets price in waning odds of rate cuts later in 2026, a stark contrast to the one to two rate cuts expected earlier this year before energy prices rose.
The Federal Reserve held its target federal funds interest rate in the 3.50%-3.75% range at the April meeting, a widely anticipated outcome. Nearly all Fed voting members supported the decision, with one voter favoring a 0.25% rate cut. Three other members dissented to the easing bias in the statement rather than the rate policy itself. Elevated inflation stemming from higher energy prices have muddied the outlook for policy rates, in contrast to the gr…
Global Economy Briefing — June 18, 2026 - The Rio Times
Global Economy Briefing — June 18, 2026 - The Rio Times
Global Economy Briefing
Thursday, June 18, 2026
Global Economy
Daily Briefing
June 18, 2026
Global Economy Briefing — June 18, 2026
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
By Juan Martinez
·
June 18, 2026
·
6 min read
Rio Times Global Economy Briefing
The Big Three
A hawkish Fed surprise.
The Federal Reserve held rates steady but signalled a likely increase this year, with nine of eighteen officials now expecting a hike — sending stocks sharply lower.
Brazil cut rates.
On the same day, Brazil’s central bank lowered its Selic rate to
14.25%
from 14.50%, beginning the easing cycle it has long signalled.
A new tone at the Fed.
In his first meeting as chair, Kevin Warsh scrapped formal guidance and repeated a single, firm promise: the Fed “will deliver price stability.”
S&P 500
7,420.10
-1.21%
Worst Fed debut day since 1994
Nasdaq
26,021.66
-1.34%
Big tech led the losses
Dow Jones
51,492.55
-0.98%
Off 507 points from a record high
30Y / 10Y Treasury
5.02 / 4.50
+0.04%
Yields jumped on the hawkish turn
Fed Funds …
Fed minutes December 2025 - CNBC
Fed minutes December 2025 - CNBC
WASHINGTON — TheFederal Reserveon Tuesday released minutes from its highly divisive meeting earlier this month, which concluded with a vote tolower interest ratesagain that appeared to be an even closer call than the final vote indicated.
Officials expressed a variety of opinions during the Dec. 9-10 meeting, according to the summary provided a day ahead of its customary release due to the New Year's holiday.
Ultimately, the Federal Open Market Committee approved a quarter-percentage point cut by a 9-3 vote, the most dissents since 2019, as officials debated the need to support the labor market against concerns about inflation. The move lowered the key funds rate to a range of 3.5%-3.75%.
"Most participants judged that further downward adjustments to the target range for the federal funds rate would likely be appropriate if inflation declined over time as expected," the document said.
With that, though, came misgivings over how aggressive the FOMC should be in the future.
"With respect to the extent and timing of additional adjustments to the target range for the federal funds rate, some participants suggested that, under their economic outloo…
Treasury yields: Fed holds interest rates steady - CNBC
Treasury yields: Fed holds interest rates steady - CNBC
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Treasury yields rose Wednesday after the Kevin Warsh-led Federal Reserve signaled the possibility of a rate hike later this year, though Warsh himself did not give a forecast.
The2-year Treasury noteyield, which more closely tracks short-term Fed interest rate policy, climbed more than 16 basis points to 4.216%. The yield on the10-year U.S. Treasurynote — the key benchmark for U.S. government borrowing — rose more than 7 basis points to 4.499%.
One basis point is equal to 0.01%, and yields and prices move in opposite directions.
This week's Federal Open Market Committee meeting marked the first with Warsh as chairman.
The median estimate for the Fed Funds Rate to end 2026is now 3.8%, up from 3.4% in the prior projectionsfrom March and signaling the committee sees at least one rate hike as necessary this year. Complicating the forecast is that Warsh was the only one of the 19 officials who did not submit a projection.
The FOMC's post-meeting statement also pared down prior language that hinted towards an easing slant in the future.
"While the rate didn't change, shifts in the dot-plot, votes and language…
Fed keeps rates steady as soaring gas prices threaten inflation
Fed keeps rates steady as soaring gas prices threaten inflation
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March 18, 2026, 8:23 AM EDT
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March 18, 2026, 3:32 PM EDT
By
Steve Kopack
and
Brian Cheung
The Federal Reserve on Wednesday held interest rates steady, as the U.S.-Israeli war with Iran disrupts the global economy and sends oil prices soaring.
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Two weeks after the initial attacks, unleaded and diesel gas prices have skyrocketed alongside the cost of oil.
“The implications of developments in the Middle East for the U.S. economy are uncertain,” the Fed said in its statement.
"Near-term measures of inflation expectations have risen in recent weeks, likely reflecting the substantial rise in oil prices caused by the supply disruptions in the Middle East," Powell said at a news conference in Washington.
"Higher energy prices will push up overall inflation," he added, "but it is too soon to know the scope and duration of the potential effects on the economy."
The Fed's target range for its benchmark rate remains at 3.50% to 3.75%. The rate is what banks pay to borrow m…
Corroboration
No verdict, no pronouncement. The model extracts atomic factual claims with verbatim quotes; every quote is validated against the source text and corroboration is computed by counting how many editorially-opposed blocs assert each fact. 6 fabricated/unverifiable quotes were rejected by the cite-or-die gate.
The spine · 2 facts corroborated across ≥2 opposed blocs
2×cross-perspective · 2The U.S. Federal Reserve held interest rates steady.
chinawestern
guardian“Federal Reserve holds interest rates steady for fourth time this year”
scmp“The US Federal Reserve held interest rates steady on Wednesday”
2×cross-perspective · 2Kevin Warsh is the new chair of the Federal Reserve.
chinawestern
guardian“first meeting under new chair, Kevin Warsh”
scmp“US Fed begins Warsh era”
Single-source · 6 — reported by one bloc only (uncorroborated)
Policymakers expect a hike in borrowing costs later this year.
scmp
Nine Fed officials anticipate a hike in rates by the end of 2026.
scmp
The Fed's updated policy statement removed language that flagged the likelihood of further reductions in borrowing costs this year.
scmp
The Fed's statement said economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East.
guardian
J.P. Morgan Global Research offers global short‑term fixed income strategies designed to help clients manage liquidity through the cycle.
jpmorgan.com
J.P. Morgan Global Research helps institutional investors, traditional and alternative asset and fund managers, broker dealers and equity issuers meet the demands of a rapidly evolving market.
jpmorgan.com
Framing · 1 — loaded language surfaced (spin shown, not adopted)
guardian
““Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East,””
→ The Fed described economic activity as expanding despite uncertainty linked to the Middle East conflict.
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J.P. Morganorg
Federal Open Market Committeeorg
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Global Researchorg
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Warsh-led Fedorg