The Federal Reserve on Wednesday left its benchmark interest rate unchanged at a target range of 3.5% to 3.75%, marking its fourth consecutive pause as it enters the Kevin Warsh era.

Monetary policy watchers, however, have changed their forecasts on the Fed’s next moves as they react to an economic landscape that has shifted dramatically since the start of the year amid rising inflation and a developing U.S.-Iran peace agreement.

The Federal Open Market Committee (FOMC) maintained its policy rate in a unanimous 12-0 vote.

“Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in details ⇒

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