The Federal Reserve held rates steady for a fourth meeting, while updated Fed projections showed growing support for future rate hikes amid inflation concerns.

The Federal Reserve held rates steady for a fourth meeting, while updated Fed projections showed growing support for future rate hikes amid inflation concerns.

WASHINGTON: The US Federal Reserve is expected to hold interest rates steady on Wednesday (Jun 17) at Kevin Warsh's first meeting in charge of the central bank, with rate hikes potentially on the horizon to combat su

June 17 (UPI) -- Kevin Warsh will take to the podium Wednesday for the first time as the chairman of the Federal Reserve to reveal the latest interest rate decision.

NEW YORK, June 17 : The dollar strengthened across the board on Wednesday after the Federal Reserve held the benchmark interest rate steady and the Fed's statement showed policymakers expect a hike in borrowing costs later this year amid growing concerns about inflation.While the central bank left the policy

June 17 (UPI) -- The Federal Reserve left interest rates as they are in new Chairman Kevin Warsh's first meeting Wednesday.

The Federal Reserve held interest rates steady on Wednesday, but policymakers expect a rate hike later this year amid growing ​concerns about inflation.

The Federal Reserve held rates between 3.5% and 3.75% after Kevin Warsh's first meeting in charge of the central bank.

Bitcoin dropped 2.54% and altcoins fell up to 3.6% after the Fed held rates but raised inflation forecasts in Warsh's first FOMC meeting.

The Federal Reserve held rates between 3.5% and 3.75% after Kevin Warsh's first meeting in charge of the central bank.

WASHINGTON - The Federal Reserve held interest rates between 3.5% and 3.75% after Kevin Warsh's first meeting in charge of the central bank. Fed governors were split on whether to keep rates steady or increase them in a bid to tame inflation, which has been pushed up by the US-Israel war in Iran. President Donald Trump pushed Warsh's predecessor, Jerome Powell, to cut interest rates, and made clear he expected Warsh to fulfill his demand for cuts. But, with inflation running at an above-target 3.8%, and uncertainty surrounding Trump's deal to end the war with Iran, the Fed's rate-setting committee unanimously decided to kept rates steady. In a statement backed by its 12 members, the Federal Open Market Committee (FOMC) said: "Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East. Productivity growth and capital investment are strong. "Job gains have kept pace with the workforce, and the unemployment rate has changed little." The Fed's…

Federal Reserve policymakers voted unanimously to maintain the benchmark overnight borrowing rate in a range of 3.5% to 3.75%.

Ethereum is holding near $1,800 as traders watch the Fed decision, dot plot, and Kevin Warsh’s first major policy signal as chair.

Ethereum is holding near $1,800 as traders watch the Fed decision, dot plot, and Kevin Warsh’s first major policy signal as chair.

Ethereum is holding near $1,800 as traders watch the Fed decision, dot plot, and Kevin Warsh’s first major policy signal as chair.

The unexpectedly aggressive tilt toward higher rates would disappoint President Trump and suggests heightened concerns about persistent inflation among Fed officials.

The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year.

NEW YORK, June 17 : Major stock indexes fell, bond yields rose and the U.S. dollar extended gains on Wednesday after the Federal Reserve held the benchmark interest rate steady and new projections showed officials expect a hike in borrowing costs later this year amid increasing inflation concerns.Kevin Warsh,