Fed holds rates as officials signal possible 2026 hike (opens in new tab)

The Federal Reserve left its benchmark interest-rate range unchanged at 3.50% to 3.75% on Wednesday in Kevin Warsh’s first policy meeting as chair, extending the pause for a fourth consecutive meeting and approving the decision unanimously. The rate-setting committee’s new projections moved away from cuts: nine officials projected at least one rate increase by the end of 2026, while Warsh did not submit his own interest-rate projection. The decision followed a May consumer-price report showin...