Fed meeting live: Fed holds rates at 3.5% to 3.75% in unanimous vote
The Federal Open Market Committee unanimously voted on June 17 to maintain the benchmark interest rate range. New Chair Kevin Warsh prioritized persistent inflation over slowing growth during the session. The meeting included plans for institutional reforms and a review of data sources.
What changed
The update identifies Kevin Warsh as the new Fed Chair and notes his focus on inflation and institutional reform.
Live updates
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Fed holds rates at 3.5% to 3.75% in first meeting under Chair Kevin Warsh
confidence 90%The Federal Open Market Committee unanimously voted on June 17 to maintain the benchmark interest rate range. New Chair Kevin Warsh prioritized persistent inflation over slowing growth during the session. The meeting included plans for institutional reforms and a review of data sources.
What's confirmed:
- The FOMC voted 12-0 to keep the federal funds rate between 3.5% and 3.75% on June 17.
- Kevin Warsh presided over the June meeting as the new Federal Reserve chairman.
- Policymakers indicated that persistent inflation is a primary concern.
- Warsh is initiating a review of the Federal Reserve's data sources and communications.
Still unconfirmed:
- The FOMC may be forced into action by a three-year inflation high.
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Fed maintains rates at 3.5% to 3.75% with hawkish dot plot shift
confidence 90%The Federal Open Market Committee kept the federal funds rate between 3.5% and 3.75% on June 17, 2026. The decision followed a unanimous 12-0 vote. Updated dot plot projections suggest a potential rate increase.
What's confirmed:
- The Fed held rates at 3.5% to 3.75% on June 17, 2026.
- The decision to maintain rates was a unanimous 12-0 vote.
Still unconfirmed:
- The 2026 median dot plot rose to 3.8%, implying a hike.
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Fed Maintains Rates at 3.5% to 3.75% in First Meeting Under Kevin Warsh
confidence 100%The Federal Open Market Committee voted unanimously on June 17, 2026, to keep the federal funds rate steady. The target range remains 3.5% to 3.75%. This was the first meeting chaired by Kevin Warsh.
What's confirmed:
- The Federal Open Market Committee voted unanimously on June 17, 2026, to keep the federal funds rate steady.
- The federal funds target range is 3.5% to 3.75%.
- This was the first meeting under Chairman Kevin Warsh.
Still unconfirmed:
- Futures pricing indicates a 66% chance of a rate hike.
- Jerome Powell cited inflation concerns, rising oil prices, and global uncertainty to signal no immediate rate cuts.
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Fed maintains interest rates at 3.5% to 3.75%
confidence 100%The Federal Open Market Committee voted unanimously on June 17, 2026, to keep the federal funds rate steady. This marked the first meeting under Chairman Kevin Warsh.
What's confirmed:
- The FOMC voted unanimously on June 17, 2026, to keep the federal funds rate at 3.5%-3.75%.
- This was the first meeting for Chairman Kevin Warsh.
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Fed maintains rates at 3.5% to 3.75% in Warsh's first meeting
confidence 90%The Federal Reserve kept interest rates unchanged for the fourth consecutive meeting of the year. This decision occurred during Kevin Warsh's debut as chair. Some officials now project rate hikes this year.
What's confirmed:
- The Federal Reserve held interest rates steady for the fourth consecutive policy meeting this year.
- The meeting marked the debut of Kevin Warsh as chair.
Still unconfirmed:
- Crypto-linked stocks traded mixed and Bitcoin faced pressure following the hawkish rate hold.
- The Fed held rates at 3.5% to 3.75%.
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Fed holds rates at 3.5%-3.75% as Warsh faces internal hawkish split
confidence 95%The Federal Reserve kept rates unchanged for the fourth consecutive meeting, signaling elevated inflation risks through year-end. Kevin Warsh’s first meeting as chair saw a shortened statement and no cuts projected for 2026, with some officials now expecting one or more rate hikes. Markets now price in a more prolonged restrictive stance amid energy-driven price pressures.
What's confirmed:
- The Federal Reserve held its benchmark rate unchanged at 3.5% to 3.75% in a unanimous 12-0 vote, marking Kevin Warsh’s first meeting as chair.
- The committee’s statement shortened significantly and dropped signals of imminent rate cuts, instead emphasizing elevated inflation through year-end.
- Officials were split between no cuts in 2026 and the possibility of one or more rate increases, according to updated projections.
- A recent surge in inflation, driven by energy prices, has raised expectations for a potential rate hike later this year.
- Markets now anticipate a more hawkish outlook following the Fed’s decision and guidance.
Still unconfirmed:
- Internal divisions over future hikes persisted under Warsh’s leadership, though the extent of dissent remains unspecified.
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Fed holds rates at 3.5%-3.75% in Warsh’s first meeting as chair
confidence 95%The Federal Reserve kept its benchmark rate unchanged in a unanimous 12-0 vote, marking Kevin Warsh’s first meeting as chair. The committee dropped signals of imminent rate cuts and signaled elevated inflation through year-end. Warsh’s leadership faced internal divisions over future hikes, though the statement shortened significantly. Markets now weigh a more hawkish outlook.
What's confirmed:
- The Federal Reserve unanimously voted to hold the target range for the federal funds rate at 3.5% to 3.75%.
- Kevin Warsh, the Fed’s new chair, presided over his first meeting as chair, which concluded with no rate change.
- The post-meeting statement was reduced to approximately 130 words, down from 341 words in the prior month.
- Inflation is projected to remain elevated through the end of 2026, according to Fed officials’ latest forecast.
- The Fed’s updated projections suggest several policymakers now expect rate hikes this year, reversing earlier expectations of cuts.
- Warsh described internal deliberations as a ‘good family fight,’ though the committee settled on a hold after debating a potential cut.
- The Fed dropped its long-standing signal that rate cuts were imminent, shifting toward a focus on ‘delivering price stability.’
- The Fed’s decision was made amid uncertainty over the Iran nuclear deal’s impact on global markets.
Still unconfirmed:
- Warsh is expected to withhold the ‘dot plot’—the central bank’s interest rate outlook—from the next projections.
- Internal divisions on the Fed board remain sharp, with some members pushing for hikes while others favor caution.
- Former Fed adviser Danielle DiMartino Booth suggested Warsh’s unanimous vote was a sign of strong leadership, though debates over policy direction continue.