Fed holds rates steady at 3.50%-3.75% in first meeting under Chair Kevin Warsh

The Federal Reserve left rates unchanged at 3.50%-3.75% in Chair Kevin Warsh's first policy meeting. Markets now watch for whether Warsh changes how the central bank communicates about future moves.

• Fed held benchmark rate at 3.50%-3.75%, as markets expected.
• First FOMC meeting led by new Chair Kevin Warsh, confirmed last month.
• Traders see growing chance the next move could be a rate hike, not a cut.
• Warsh has previously criticized the Fed's forward guidance and dot plot system.
• Investors await his debut press conference for clues on communication changes.

Coinporta summarises news for fast scanning. Full reporting belongs to the source.