US Federal Reserve keeps interest rates unchanged, projects one rate hike for 2026 (opens original article in a new tab)

The US Federal Reserve kept interest rates unchanged at Kevin Warsh's first FOMC meeting, citing inflation concerns from the Iran war and projecting a rate hike by 2026.

• Federal Reserve held interest rates steady at Kevin Warsh's first FOMC meeting.
• New policy statement and projections show concern over inflation from Iran war, with oil prices dropping due to peace deal hopes.
• Fed's rate decision was unanimous, removing forward guidance and projecting a rate hike by 2026.