Fed expected to keep rates unchanged at 3.50%-3.75%
The Federal Reserve is expected to maintain its benchmark interest rate range at 3.50%-3.75% under new Chairman Kevin Warsh.
Analysts anticipate a more hawkish tone from Warsh, including the removal of language favoring future rate cuts.
Markets have priced in high chances of one or more rate hikes this year, driven by stronger-than-expected economic data and persistent inflation pressures.