Topic: #federal-reserve
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Federal Reserve holds rates steady as inflation projections surge to 3.6%
The Federal Reserve kept rates unchanged at its June 2026 meeting as new Fed Chair Kevin Warsh took the helm, even as inflation forecasts climbed 0.9 percentage points. Economists expect no further moves for the rest of the year, though the FOMC's hawkish dot plot signals at least one hike remains possible.
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Kevin Warsh Navigates Fed Chair Tenure Amid Inflation Surge
Kevin Warsh, who took office as Federal Reserve Chair on June 17, 2026, faces mounting pressures including three-year-high inflation and a Supreme Court case questioning presidential authority over Fed governors. He'll address these challenges at the ECB Forum in Portugal this week.
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Gold steadies near $4,000 as US inflation eases rate-hike bets
Gold stabilized near $4,000 per ounce on June 25 after US inflation data met expectations, reducing September rate-hike odds from 68% to 63%. The metal has lost roughly 25-28% since January's peak of $5,589, pressured by a stronger dollar and capital rotation toward equities.
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Bitcoin falls below $69K as Fed's Hammack warns of sticky inflation
Bitcoin fell below $69,000 on Tuesday after Federal Reserve Bank of Cleveland President Beth Hammack warned that policymakers may need to raise interest rates if inflation remains elevated, citing monetary policy as insufficiently restrictive to hit the Fed's 2% target.