U.S. Fed holds interest rate again in 1st move under new chair (opens original article in a new tab)

The U.S. Federal Reserve kept its key interest rate unchanged, with nearly half of its policymakers indicating support for a rate hike this year, signaling concerns over persistent inflation. New chair Kevin Warsh's influence led to a brief statement and no rate forecast submission, marking a shift in the Fed's communication approach. Inflation has risen to a three-year high of 4.2% due to the Iran war, prompting the Fed to consider rate hikes to curb spending.

• U.S. Fed kept interest rate unchanged but 45% of policymakers support a hike this year
• New chair Kevin Warsh's influence led to shortened statement and no rate forecast submission
• Inflation hit 4.2% due to Iran war, with Fed raising rates to cool spending