Fed holds rates at 3.5%-3.75% as Warsh starts overhaul
What's new: The new chair set up task forces on inflation, data, jobs, communications and the balance sheet while withholding his own rate forecast.
The New York Times, CNBC
Subject
#Interest Rates
Bank of England holds rate at 3.75% in 7-2 vote as inflation lingers
What's new: Two policymakers backed a hike to 4%, even as the bank cut its peak inflation forecast to 3.25% for late 2026.
Bloomberg, CNBC
Yen hits 160.8 per dollar, reviving Japan intervention fears
What's new: The slide came after a hawkish Fed signal, even after Japan spent a record 11.7 trillion yen on support last month.
Fed holds rates at 3.5%-3.75%, drops 2026 cut outlook
What's new: Officials now pencil in a 3.8% year-end rate and split 9-8 over whether the next move is a hike or no change.
Bloomberg, The New York Times
Fed holds rates at 3.5%-3.75% in Warsh’s first meeting as chair
What’s new: Fed projections showed some officials expect a rate hike by year-end, even as all 12 voting members backed no change.
Gold drops 2.6% after Fed signals possible rate hikes in 2026
Why it matters: Higher-for-longer US rates and inflation tied to the Iran conflict add pressure on non-yielding bullion.
US added 172,000 jobs in May as unemployment held at 4.3%
Why it matters: stronger hiring and upward revisions for March and April reduce pressure on the Fed to cut rates soon.
Bloomberg, NPR +2