The Federal Reserve commenced its two-day policy meeting on June 16—Kevin Warsh’s first as chairman of the U.S. central bank.
Investors widely expect the Fed to leave interest rates on hold for the fourth straight meeting as monetary policymakers assess current economic conditions.
Officials have left the benchmark federal funds rate—a key rate that influences borrowing costs for businesses and households—in the current target range of 3.5 percent to 3.75 percent.
Traders have increasingly made a rate hike their base-case scenario as early as the December meeting to clamp down on renewed inflationary pressures, according to futures market data. …
All Eyes on Kevin Warsh as His First Fed Meeting Signals What’s Ahead for Policy
