US Federal Reserve holds rates steady under new chair Warsh

Author: aljazeera.comPublished on: June 17, 2026Country: United States

Business & EconomyWorld / International

US Federal Reserve holds rates steady under new chair Warsh

The US Federal Reserve held interest rates steady at 3.5-3.75 percent on Wednesday under new chair Kevin Warsh. Inflation hit 4.2 percent, a three-year high, driven by a 23.5 percent jump in energy prices in May. The Fed cited uncertainty from the Middle East conflict. Oil prices have fallen recently on news of a potential US-Iran peace deal, but consumer prices may take months to normalize.

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