Federal Reserve Keeps Rates Steady — Warsh Signals Patience on Further Action
The Federal Reserve voted unanimously to keep the federal funds rate steady, maintaining the target range at 5.00–5.25%. Chair Warsh emphasized a data-dependent approach, stating the Fed is "not in a hurry" to make further adjustments. Markets rallied broadly — S&P 500 surged 0.75%, Treasury yields fell across the curve, VIX dropped below 13.
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