Warsh's First Fed Meeting: Unanimous Rate Hold Masks Divisions and Gold Selloff

In Kevin Warsh’s debut as Fed chair the central bank voted unanimously to hold rates at 3.5-3.75%. Fresh projections exposed sharp splits, with nine of 18 officials penciling in at least one hike for 2026 while the rest saw no change or cuts. The committee also debated a rate cut before settling on a hold.