Kevin Warsh's first Fed meeting could be more about communication than rates (opens original article in a new tab)

The Fed is expected to keep interest rates unchanged at its first meeting led by new Chairman Kevin Warsh, with analysts anticipating a more hawkish tone and potential changes in communication strategies.

• Fed is expected to keep benchmark rates unchanged at 3.50%-3.75%
• Analysts anticipate a more hawkish tone from new Fed Chair Kevin Warsh, including removal of language favoring future rate cuts
• Warsh may avoid submitting his own projections to the Fed's Summary of Economic Projections, reflecting his criticism of forecasting processes
• Markets expect rates to stay steady through year-end but uncertainty remains about Warsh's overall stance