Kevin Warsh to chair first Fed rate meeting as markets price 3.5%–3.75%

Kevin Warsh is set to run his first Federal Reserve meeting on US interest rates this week, with traders largely expecting policymakers to keep the target range at 3.5% to 3.75%. Futures pricing points to no additional rate cut until March 2027, while stronger jobs data and 4.2% annual consumer inflation are being cited as support for holding rates steady.