US Fed begins Warsh era with hold on interest rates, may hike later this year (opens original article in a new tab)

The US Federal Reserve kept interest rates unchanged but signaled potential hikes later this year, with new chairman Kevin Warsh removing forward guidance on future rate moves.

• US Fed held interest rates steady
• Nine Fed officials expect a rate hike by end of 2026
• New Fed Chairman Kevin Warsh removed future rate guidance