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World 17 Jun 2026

U.S. Federal Reserve leaves interest rate unchanged, but some policymakers expect hike this year

The Federal Reserve held interest rates steady on Wednesday, but policymakers ‌expect a hike in borrowing costs later this year amid growing concerns about inflation lodged above the U.S. central bank's two per cent target.

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The Federal Reserve held interest rates steady on Wednesday, but policymakers ‌expect a hike in borrowing costs later. This year amid growing concerns about inflation lodged above the U.S. central bank's two per cent target. New quarterly projections showed nine Fed officials now anticipate a hike in rates by the end of 2026, and. An updated policy statement removed language that had been used to flag the likelihood of further reductions in borrowing ​costs this year. Indeed, the statement, in an early sign of new ​Fed chairman Kevin Warsh's influence, removed any guidance about. Future rate moves altogether, with a revised format that simply stated the rate decision and. Reaffirmed the central bank's intent to keep "ample reserves in the banking system." The shortened ​document, a return. To a format similar to that used by former Fed chairman Alan Greenspan, was ⁠approved by a unanimous.

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