single source·5h ago·11 sources analyzed
Federal Reserve holds interest rates steady under new leadership
The Federal Reserve has decided to maintain its target interest rate. This marks the first major decision made by the new chairman. (sources: cnbc, theguardian, france24, thehill, abc)
Image: thehill
Modern Action Briefing
The Federal Reserve left interest rates unchanged during its latest meeting, which was the first under the leadership of Kevin Warsh. This decision comes amid new projections indicating that some officials expect potential rate increases later this year.
- Kevin Warsh presided over his first meeting as chairman of the Federal Reserve.
- The Federal Reserve's target interest rate remains steady at 3.75%.
- New projections from the Federal Reserve suggest that some officials anticipate raising rates in the future.
Why it matters
The decision to hold rates steady may influence economic conditions and financial markets.
Top coverage · 11 sources
cnbcBank of England holds interest rates at 3.75% amid Iran war peace prospectstheguardianBank of England keeps interest rates at 3.75% as Iran conflict weighs on economyfrance24New US Fed chair vows reforms as central bank signals rate hikes on horizonthehillFederal Reserve shifts away from forward guidance under new chief Kevin Warsh