Economy
Fed Keeps Rates Steady but New Chair Warsh Opens Door to a Hike This Year
via CNBC
The Federal Reserve held its benchmark rate unchanged at 3.50–3.75% on June 17 in a unanimous vote — new chair Kevin Warsh's first decision. Nine of 18 policymakers now project at least one rate increase before the end of 2026.
Why it matters
A potential rate hike would push variable-rate debt costs higher, making now a good moment to review credit card balances or adjustable-rate loans and decide whether to lock into a fixed option.


