US Federal Reserve holds rates steady, raises inflation expectations (opens original article in a new tab)

The US Federal Reserve held interest rates steady at 3.50 to 3.75 per cent for the fourth consecutive meeting, raised year-end inflation expectations to 3.6 per cent, and projected a rate hike by the end of 2026 while removing forward guidance on interest rate direction.

• US Federal Reserve holds interest rates steady at 3.50 to 3.75 per cent for the fourth consecutive meeting
• Fed raises year-end inflation expectations to 3.6 per cent from 2.7 per cent in March
• Policymakers project one interest rate hike by the end of 2026
• Fed removes forward guidance on interest rate direction for the first time in years