Dollar Surges as Fed Keeps Rates Unchanged, Pencils In 2026 Rate Hike Under New Chair Warsh

The U.S. dollar posted its best single-day performance in nearly a year on Wednesday after the Federal Reserve held its benchmark interest rate steady but signaled that a rate hike, not a cut, could be the central bank’s next move. The decision marked the first policy meeting under new Fed Chairman Kevin Warsh, and it…