Capital Markets #federal reserve#interest rates
Kevin Warsh-led FOMC Keeps Rates Unchanged, Projects Hike by Year-End, Raises Inflation Forecast
The Federal Reserve, under new chair Kevin Warsh, kept its benchmark interest rate unchanged in the 3.5% to 3.75% range. The Summary of Economic Projections showed 18 of 19 officials expect at least one rate increase by year-end, while the central bank raised its inflation forecast, projecting PCE inflation at 3.6% by end-2026. Inflation currently stands at 4.2%, a three-year high, driven by fuel costs.
Jun 17, 2026 1 source
