00:00The Federal Reserve left interest rates unchanged at its June meeting, the first chaired by Fed
00:05Chair Kevin Warsh. Officials kept the benchmark rate in the 3.50% to 3.75% range as they
00:13continue
00:13battling inflation. However, policymakers signaled that additional rate hikes remain possible later
00:19this year if price pressures persist. Investors had widely expected no move this month, but the
00:25Fed's projections were viewed as more hawkish than anticipated. Stocks initially wavered as
00:31traders reassessed expectations for future borrowing costs.
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