Federal Reserve Holds Interest Rates Steady Amid Hawkish Signals
The Federal Reserve held interest rates steady at 3.5%-3.75% in a unanimous decision during its June meeting, marking Kevin Warsh's first as chairman. Nine of the FOMC members projected a rate hike this year, signaling a hawkish stance and prompting traders to fully price in one quarter-point increase by year-end.
Topics: Federal Reserve interest rates Kevin Warsh monetary policy