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Federal Reserve holds rates steady as Kevin Warsh chairs his first meeting - and now a rate hike is looking more likely than a cut this year
The Federal Reserve held interest rates steady during Kevin Warsh's first meeting as chair, but the likelihood of a rate hike has increased over a rate cut this year. The decision reflects shifting economic expectations despite initial stability in rates.
Related Signal
Adjacent reporting
- Fed holds rates steady but opens the door to hikes later this year
- Trump gives blasé response to rate hike possibility
- All eyes turn to Fed chair Kevin Warsh and his first moves on interest rates
- Federal Reserve keeps rate unchanged, but nearly half of policymakers would support hike this year
- Kevin Warsh sworn in as Fed chair, but Trump’s rate cuts look increasingly unlikely