Federal Reserve Chair Kevin Warsh, who took office in May 2026, is facing a Federal Open Market Committee where nine out of nineteen members favor interest rate hikes this year. The target range previously stood at 3.50% to 3.75% in June 2026. Markets now price only a 43.5% chance of the Fed maintaining a pause through its next three meetings. This marks a notable shift in the committee’s stance, with the next FOMC meeting scheduled for July 28.
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