Fed Set to Hold Rates at 3.5%-3.75% in Warsh’s Debut as Chair

The Federal Reserve is expected to keep its benchmark rate unchanged at 3.5%-3.75% for a fourth straight meeting in June, with markets focused on the updated Summary of Economic Projections and new Chair Kevin Warsh’s first post-meeting press conference. According to BeInCrypto, the FOMC decision and statement are due at 18:00 GMT, followed by Warsh at 18:30 GMT, as investors watch for signals on whether policymakers still see scope to tighten later this year. CME FedWatch shows markets pricing about a 58% chance of at least one 25-bp hike by end-2026.