Warsh holds rates steady at first Fed meeting, Iran deal eases oil risk
Fed starts its June meeting Tuesday, with traders looking past the likely rate hold on Wednesday and focusing on what new Chair Kevin Warsh will say after. The June 16-17 meeting includes an updated Summary of Economic Projections, according to the Fed’s calendar. That report brings the quarterly rate forecasts from policy makers. Reuters said the Fed is seen keeping its key overnight rate steady at 3.50%–3.75%.
