U.S. Federal Reserve holds rates steady, officials split over hikes this year (opens original article in a new tab)

The U.S. Federal Reserve kept interest rates unchanged while officials remained divided on future rate hikes, with some anticipating at least one or two increases this year. Inflation forecasts were raised, and the central bank's communication strategy is expected to change under new chairman Kevin Warsh.

• U.S. Federal Reserve held interest rates steady at 3.5-3.75%
• Nine officials foresee at least one rate hike this year, six anticipate two
• Policymakers revised inflation forecasts upward for 2024 and 2026