👀 The Fed has decided to change the FOMC meeting schedule starting next fall. In 2027, one of the eight meetings will not include a vote on the interest rate—it will be dedicated to strategy. In 2028, two such meetings are planned, while the remaining six will focus on the interest rate. A brief summary of the press conference: Warsh emphasized high inflation, the 2% target, and the Fed’s readiness to act, thereby sending hawkish signals (hinting at future rate hikes).

FED LEAVES RATES UNCHANGED

FOMC rate decision at 2:00 PM ET today.