Finance

In the first policy meeting led by Chairman Kevin Warsh, the Federal Reserve kept interest rates steady at 3.5% to 3.75% but adopted a more aggressive stance toward inflation. Updated economic projections, known as the dot plot, revealed that nearly half of the committee members now anticipate at least one interest rate hike before the end of 2026. This shift reflects growing concerns over persistent price pressures, even as the central bank overhauled its communication strategy by significantly paring down its official policy statement.