Federal Reserve holds rates steady at Warsh’s 1st meeting
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Although the Federal Reserve left interest rates unchanged, its new Chair Kevin Warsh promised the central bank will deliver on price stability.
The latest "dot plot" from June 2026 shows a committee that expects to keep interest rates higher for longer than previously thought. For the end of 2026, most officials now expect the benchmark interest rate to sit between 3.6% and 4.1% (up from their previous estimate of 3.25% to 3.75%).
The Chosun Ilbo on MSN
Won rises against dollar on FOMC rate hike signals
On June 19, the won-dollar exchange rate opened at 1,537.4 Korean won, up 10.3 Korean won from the previous close. The U.S. Federal Open Market Committee, FOMC, which signaled further interest rate hikes in a meeting on June 18,
While no predictive tool can ever guarantee the future, the CME Group's FedWatch Tool leaves little to doubt about what's to come for interest rates. This tool analyzes the prices of 30-day Fed funds futures contracts to determine the likelihood that the FOMC will raise or cut interest rates at upcoming meetings.
NDTV Profit on MSN
US Fed meeting highlights: FOMC holds rate, moves away from forecasts, introduces task forces
The FOMC's latest statement will be released at 2 p.m. EDT or 11:30 p.m. (IST) on Wednesday, June 17.
