U.S. Fed signals one interest rate hike by year-end as chair Warsh debuts

The U.S. Federal Reserve on Wednesday signaled one quarter-point interest rate hike by the end of this year amid growing inflation concerns, marking a course change under new chair Kevin Warsh as he presided over his first monetary policy meeting.Based on the central bank's latest economic projections, however, the anticipated year-end rates for 2027 and 2028 suggest likely rate cuts. Policymakers had previously indicated a rate cut by the end of this year.As a new measure under Warsh, the Fed has stopped providing what it calls "forward guidance," or any hints as to its future policy direc…READ FULL ARTICLE