finance
Federal Reserve Leaves Rates Unchanged; Officials Split on Any 2026 Hike
The central bank kept its benchmark rate unchanged and dropped forward guidance from its statement. Nine of 18 policymakers now project at least one increase by the end of 2026.
Jun 17, 1:33 PM·1m read4 sources
+1
The Sydney Morning HeraldAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
The Federal Reserve kept the federal funds rate unchanged at its meeting and released updated economic projections showing that nine of 18 policymakers project at least one increase to the rate by the end of 2026. The central bank also ended its practice of including forward-guidance language in the policy statement.
Chair Kevin Warsh said the omission reflected his view that such guidance is not well suited to the current economic moment.
Warsh held his first press conference after the decision and said he is considering changes to how the Fed communicates with markets and the public. He added that he did not hear tonnes of conviction behind the latest set of economic projections. 10.
66. 5 percent the previous day, according to CME Group data. U.S. Treasuries rose. 05 percent. 9 percent. 3 percent.
8 percent after the company reported stronger-than-expected profit and revenue. Chief Financial Officer Taylor Luebke said the company maintains a measured view of the broad sales environment. U.S. Retailers recorded faster revenue growth in May than economists had expected. 55 per barrel. 7 percent.
10 cents.
