UPDATES 16 JUNE 2026
US Federal Reserve kicks off first meeting with Warsh as chair
The US Federal Reserve is expected to leave interest rates unchanged as it balances rising inflation with economic uncertainty.
WASHINGTON: US Federal Reserve Chairman Kevin Warsh kicked off his first meeting in charge of the central bank's rate-setting committee on Tuesday (Jun 16), with policymakers largely expected to keep rates steady as the fallout of the Iran war ripples through the world's largest economy.
Fed officials are set to keep rates at a range between 3.50 per cent and 3.75 per cent, extending their pause on cuts since the start of the year.
Their decision will be announced on Wednesday after the two-day meeting. They will also release their quarterly Summary of Economic Projections, which includes guidance on growth, inflation and interest-rate expectations.
All eyes will be on the language the Fed uses to communicate the decision, with at least four of 12 voting members now in favour of indicating a rate hike could be as likely as a cut for the central bank's next move. . ."
Fed officials are set to keep rates at a range between 3.50 per cent and 3.75 per cent, extending their pause on cuts since the start of the year.
Their decision will be announced on Wednesday after the two-day meeting. They will also release their quarterly Summary of Economic Projections, which includes guidance on growth, inflation and interest-rate expectations.
All eyes will be on the language the Fed uses to communicate the decision, with at least four of 12 voting members now in favour of indicating a rate hike could be as likely as a cut for the central bank's next move. . ."
AI OVERVIEW: The Federal Open Market Committee (FOMC) is currently holding its mid-year, two-day policy meeting (June 16-17, 2026), which marks the first under newly appointed Chairman Kevin Warsh. The central bank is widely expected to hold the federal funds rate steady in the range of 3.5% to 3.75% while balancing inflation and economic uncertainty. [1, 2, 3]
The official policy announcement, updated economic projections, and the much-watched "dot plot" will be released on Wednesday, June 17, at 2:00 PM Eastern Time, followed by Chairman Warsh's press conference. [1, 2]
Upcoming 2026 FOMC Meeting Dates
Following the June meeting, the committee's remaining scheduled policy decision dates for the year are: [1]
- July: 28-29
- September: 15-16
- October: 27-28
- December: 8-9 [1]
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