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Dow Jones Gives Up Record After Hawkish Fed Shift
The Dow Jones Industrial Average surrendered its third consecutive record on Wednesday after the Federal Reserve turned hawkish, with markets reacting to Kevin Warsh's first decision as Fed chair.
Dollar Index Surges After Fed's Warsh Holds Rates Steady, Signals Hikes
The US Dollar Index rallied sharply after the Federal Reserve, under new Chair Kevin Warsh, held interest rates unchanged and signaled a shift toward rate hikes, bolstering the greenback.
Euro falls sharply after hawkish Fed hold under Warsh
The Euro sold off heavily after Kevin Warsh’s first meeting as Fed Chair delivered a hawkish surprise, despite leaving the headline rate unchanged. The dot plot projections shifted in a more restrictive direction, triggering a sharp USD rally.
Fed Raises 2026 Rate Forecast to 3.8%, Lifts Inflation Projections
The Federal Reserve's latest dot plot shows policymakers now expect interest rates at 3.8% by end-2026, up from 3.4% in March, while also raising PCE inflation projections.
Fed's Waller Says Central Banking Enters New Chapter, Unswayed by Short-Term Markets
Federal Reserve Governor Christopher Waller stated that the Fed has opened a new chapter for central banking. He acknowledged markets have a lot to digest but reaffirmed that the Fed will not be distracted by short-term reactions and remains committed to price stability.
Fed's Waller: Only One Proposal on Table, Task Forces Make Recommendations Only
Federal Reserve Governor Christopher Waller stated that only one proposal was considered after a few days of internal debate, emphasizing that the Fed is not outsourcing decisions and that task forces will merely provide recommendations.
Fed's Warsh Open to New Techniques, Private Data for Official Statistics
Federal Reserve official Warsh expressed openness to using new analytical techniques and private sector data to reform official statistics, adding that financial markets perform best when reacting to data rather than forward guidance.
Fed Chair Warsh Unveils Shorter Statements, New Task Forces
Fed Chair Warsh announced a shorter policy statement format, said forward guidance is ill-suited to current conditions, and launched five new independent task forces to review the Fed’s economic projections framework. He reaffirmed the 2% inflation target and noted that policy is restrictive for housing but not for financial markets.
Fed’s Waller Jokes Dot-Plot Forecasts Are Made With ‘Pencils That Have Big Erasers’
Federal Reserve Governor Christopher Waller remarked that policymakers submit their interest-rate forecasts (the dot plot) with “pencils that have big erasers,” suggesting officials do not treat the projections as binding and are open to revising the way they communicate the policy outlook.
Fed's Warsh: Inflation Is Monetary Policy Driven; Housing Restrictive, Year-End Communication Review
Fed's Warsh stated that inflation is primarily determined by monetary policy and suggested current policy appears restrictive for the housing market but less so for financial markets. He also signaled a broad year-end review of Fed communication tools including the dot plot, press conferences, and policy meeting practices.
Fed's Warsh Reiterates Opposition to Forward Guidance, Favors Data-Dependent Approach
Federal Reserve official Warsh stated the central bank has removed forward guidance from its communications and will not pre-commit to a rate path, preferring to react to incoming data.
Fed’s Warsh Reaffirms Commitment to 2% Inflation Target
Federal Reserve Chair Kevin Warsh stated that the central bank has both the commitment and capability to bring inflation back to its 2% target, emphasizing that price stability remains the Fed's primary objective with unanimous support among officials.
Fed's Warsh: Policymakers Showed Little Conviction, Year-End Review of Communications Ahead
Fed Governor Christopher Warsh stated that policymakers displayed little conviction in their economic projections and announced a comprehensive year-end review of Fed communications, including press conferences, dot plots, and meeting formats.
Yen Falls as Fed Holds Rates, Warsh Dot Plot Signals Caution
The Japanese yen weakened against the US dollar after the Federal Reserve left interest rates unchanged at 3.50%-3.75% in Kevin Warsh's first policy meeting. The USD/JPY pair rose to near 160.40 as the dot plot indicated a cautious outlook.
GBP/USD Falls as Fed Dot Plot Signals Hawkish Lean
The British pound slumped versus the dollar after the Federal Reserve held rates steady but its dot plot revealed a divided outlook, with half of policymakers projecting higher rates.
Fed Signals Shift from Cuts to Hikes, Euro Declines
The Federal Reserve held rates steady at 3.50%-3.75% in Kevin Warsh's first meeting, but markets interpreted the decision as a hawkish pivot away from future cuts toward potential rate hikes, pressuring the euro lower.
US Dollar Index Rallies as Fed Turns Hawkish Under New Chair
The US Dollar Index surged after the Federal Reserve held rates steady at 3.50–3.75% but signaled a hawkish stance, particularly in the first meeting chaired by Kevin Warsh.
Gold Volatile After Fed Holds Rates, Hawkish Dots
Gold prices whipsawed after the Federal Reserve kept rates unchanged at 3.50%-3.75%, while the Summary of Economic Projections indicated inflation staying above 3%.
Federal Reserve Holds Rates Steady at 3.50%-3.75% in June
The Federal Reserve kept its benchmark interest rate unchanged at 3.50%-3.75% following its June meeting, matching market expectations.
Fed Holds Steady, 9 of 18 Officials Expect Rate Hike This Year
The Federal Reserve left interest rates unchanged for the fourth consecutive meeting, while a divided committee showed 9 out of 18 officials anticipate at least one rate hike in 2026. The central bank also lowered its GDP growth forecast and sees inflation remaining elevated.
Fed Holds Rates at 3.5-3.75% as Expected; Bitcoin Volatile
The US Federal Reserve kept interest rates unchanged at 3.5-3.75%, matching market expectations. Bitcoin reacted with volatility during the first FOMC meeting chaired by new Fed Chair Kevin Warsh.
Fed Holds Rates Steady at 3.50%-3.75% in June Meeting
The Federal Reserve kept its benchmark interest rate unchanged at 3.50%-3.75% following its June meeting, matching market expectations.
US Releases Full Text of 14-Point MOU with Iran, 60-Day Negotiation Window
The US and Iran have signed a Memorandum of Understanding outlining key terms including ceasefire, sanctions relief, oil waivers, and a $300 billion reconstruction fund, triggering a 60-day window for a final deal.
USD/CHF Holds Above 200-Day SMA as Inverse Head-and-Shoulders Pattern Remains Intact
The USD/CHF pair traded steady near 0.7932 on Wednesday as traders awaited the Federal Reserve's policy decision, with the central bank expected to keep interest rates unchanged. Technical indicators show the pair remains above the 200-day simple moving average, with an inverse head-and-shoulders pattern still in play.