FED HOLDS RATES STEADY: Nearly Half Of Policymakers Now Expect A Rate Hike This Year

•⁠ ⁠The Federal Reserve left interest rates unchanged Wednesday at its first policy meeting under Chairman Kevin Warsh.

•⁠ ⁠New projections show 9 of the Fed’s 19 policymakers now expect at least one rate hike by the end of 2026, compared to none just three months ago.

•⁠ ⁠Six officials believe more than one rate hike may be needed, while eight favor keeping rates unchanged and only one supports a rate cut.

•⁠ ⁠The Fed also removed language that had previously signaled the possibility of lower borrowing costs later this year.