Fed keeps rates unchanged but signals possible hike this year
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Summary
The Federal Reserve left interest rates unchanged at its first policy meeting under chair Kevin Warsh, but nearly half of policymakers signalled they could support a rate hike later this year as inflation remains elevated.
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SUMMARY OF FED DECISION (6/17/2026): 1. Fed leaves rates unchanged for the 4th straight meeting 2. 9 out of 18 officials expect at least one rate hike this year 3. Fed lowers its median 2026 US GDP projection from 2.4% to 2.2% 4. Fed now sees PCE inflation not returning to
— The Kobeissi Letter (@kobeissiletter) June 17, 2026