US Federal Reserve holds rates steady under new chair Kevin Warsh
The US Federal Reserve has kept interest rates unchanged at 3.5% to 3.75% after its first policy meeting under new chair Kevin Warsh. The unanimous decision comes as officials weigh persistent inflation pressures against signs that economic activity remains solid. The central bank said elevated uncertainty is linked in part to the conflict in the Middle East.The rate-setting committee said inflation remains above its 2% goal, with price increases in some sectors driven by supply shocks, including energy. One supporting account said inflation had reached 4.2%, a three-year high, while energy prices rose sharply in May. The committee also said... [Continue Reading]
360LiveNews | 17 Jun 2026 20:34 LONDON
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