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US Federal Reserve keeps interest rates unchanged, projects one rate hike for 2026

Posted on June 17, 2026
By Business News Today
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1 min read

US Federal Reserve keeps interest rates unchanged, projects one rate hike for 2026

The Federal Reserve held interest rates steady at 3.5%-3.75% in Kevin Warsh's first meeting, with policymakers signaling potential rate hikes to combat surging inflation. Despite economic expansion and strong job gains, elevated inflation, partly due to Middle East conflict and energy prices, is a growing concern.