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   News alert: Fed holds rates under new chair Warsh
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   Nine officials now see at least one rate hike before year-end.
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              <a data-linktext="The Fed holds rates steady in Kevin Warsh's first meeting — but hikes may be coming" data-linktype="Normal" style="color:#105C8E;text-decoration:none" target="_blank">
               The Fed holds rates
steady in Kevin Warsh's first meeting — but hikes may be coming
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              The Federal Reserve voted 12-0 Wednesday to hold the benchmark rate at 3.5% to 3.75%, marking Kevin Warsh's first meeting as chair and the fourth straight meeting without a rate change. The unanimous hold masked a hawkish shift in the outlook: nine of twelve officials now
see at least one rate hike before year-end, compared to a lean toward cuts when the committee last submitted forecasts in March. Persistent inflation — CPI hit 4.2% in May, a three-year high — is driving the change in tone.
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