The Federal Reserve is expected to raise interest rates by 25 basis points at the upcoming Federal Open Market Committee (FOMC) meeting. This decision would adjust the federal funds target range from the current 3.50%-3.75% to 3.75%-4.00%. This would mark the first rate increase since rates were held steady through several meetings earlier in 2026. Market participants had already priced in this potential hike, as evidenced by the decreased likelihood in prediction markets for a Pause-Pause-Pause scenario between June and September. Investors will await official confirmation and remarks from Federal Reserve Chairman Kevin Warsh.
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