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The next Federal Open Market Committee (FOMC) meeting, which will be the first chaired by the newly confirmed Kevin Warsh, is scheduled for June 16-17, 2026.
Key details:
Leadership Transition: Jerome Powell’s term as chair ends on May 15, 2026, after which Kevin Warsh will officially assume the role.
Policy Expectations: Markets currently price in a 97% chance that interest rates will remain unchanged at this meeting, with the federal funds rate expected to stay at 3.50%-3.75%.
Economic Context: The Fed faces conflicting pressures from surging oil prices and inflation data showing a 3.8% year-over-year increase, alongside moderating economic growth.