07:51 PM EDT, 06/17/2026 (MT Newswires) -- The Federal Reserve held interest rates unchanged for a fourth straight meeting on Wednesday but signaled one rate hike by the end of 2026 as inflation remains elevated, AFP reported.

The central bank kept its benchmark rate at 3.50% to 3.75%, with policymakers raising their year-end rate forecast in updated economic projections.

Fed Chair Kevin Warsh said the central bank would "deliver price stability" and acknowledged inflation has remained above the Fed's 2% target for years.

Warsh also pledged broad reforms at the Fed during his first meeting as chair, while noting that persistently high prices continue to burden Americans.