The Fed held rates at 3.5% to 3.75%, but nine policymakers now expect at least one increase this year. Kevin Warsh removed forward guidance, skipped the dot plotThe Fed held rates at 3.5% to 3.75%, but nine policymakers now expect at least one increase this year. Kevin Warsh removed forward guidance, skipped the dot plot
LIVE: Federal Reserve keeps interest rates unchanged in Kevin Warsh’s first meeting
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- The Fed held rates at 3.5% to 3.75%, but nine policymakers now expect at least one increase this year.
- Kevin Warsh removed forward guidance, skipped the dot plot and launched five reviews of how the Fed operates.
- Markets now price a 78% chance of a December hike, while Treasury yields and the dollar climbed and gold fell.
- The Dow, S&P 500 and Nasdaq dropped, while SpaceX lost 4.95% after its strong post-IPO rally.
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