The U.S. Federal Reserve maintained its benchmark interest rate within the 3.50-3.75 percent range, as widely anticipated. However, a majority of the Federal Open Market Committee members indicated further rate increases are possible before the end of the year. This decision marks the first under the leadership of new Fed Chair Kevin Warsh. Warsh announced the formation of five working groups tasked with reviewing and potentially reforming the Fed’s operational procedures. The move suggests a focus on internal assessment alongside monetary policy. The Fed’s statement offered no firm commitment to future hikes, emphasizing a data-dependent approach. Analysts are interpreting the signals as cautious optimism regarding the economy.