Fed Holds Rates, Signals Potential Hike as Warsh Initiates Reforms

Published: Jun 18, 2026 08:53

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[SMM Precious Metal Express] The Federal Reserve held interest rates steady for the fourth consecutive meeting in June, with a significantly shortened statement removing language hinting at further rate cuts. The dot plot showed nine officials expect a rate hike this year, while new Chair Warsh did not submit a dot plot and declined to provide forward guidance, announcing the formation of working groups to reform the Fed and adjust its communication approach, including post-meeting press conferences and the dot plot. He also stated there is no reason to revisit the 2% inflation target before it is achieved.

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