The central bank's Federal Open Market Committee is set to release its quarterly update of where individual officials expect interest rates to head.

Bitcoin (BTC) trades at around $65,000 on June 17, down roughly -2.5% in the past 24 hours, as the Federal Open Market Committee (FOMC) convenes for its first meeting under new Federal Reserve Chair Kevin Warsh.

Federal Reserve Chair Ben Bernanke introduced the “dot plot” in 2012 to increase the Fed’s transparency following the Great Recession, when people likely had less faith in the country’s financial system. The “dot plot” is part of the Fed’s SEP, which provides other FOMC members’ economic forecasts.

The Federal Reserve suggested higher rates could be in the cards, and traders on Kalshi see growing odds of a hike in 2026.

Roger Ferguson, the former Federal Reserve Vice Chairman, went on CNBC Thursday to translate what just happened at Kevin Warsh’s debut meeting as Fed Chair. The Fed held the policy rate steady at 3.75%,

By Ann Saphir June 17 (Reuters) - Federal Reserve Chairman Kevin Warsh did not submit an interest-rate path projection as part of the central bank’s quarterly publication of economic projections on Wednesday,

Kevin Warsh made a splash at his debut meeting as Federal Reserve chairman, as a more hawkish stance spooks both stocks and bond markets.

The Federal Reserve is widely expected to hold interest rates at their current level of between 3.5% and 3.75%, so investors are more likely to have their eyes on the Federal Open Market Committee's statement and its "dot plot,