Federal Reserve Holds Rates Steady Amid Inflation Concerns as Warsh Era Begins

The Federal Reserve announced on Wednesday that it will keep interest rates steady at 3.5%–3.75%, with Fed Chair Kevin Warsh marking the start of his tenure. Policymakers cited elevated inflation, partly driven by supply shocks in energy amid the war in Iran, though job growth remains strong. The FOMC's latest dot plot signals nine of 18 members expect a rate hike by 2026, with six projecting two 25-basis-point increases.

Inflation is now projected at 3.6% by year-end (up from 2.7%), while unemployment is seen at 4.3% and GDP growth at 2.2%. Warsh emphasized the Fed's commitment to its 2% inflation target, acknowledging persistent price pressures but stressing a data-driven approach. He announced plans for five task forces to review monetary policy, communications, and inflation drivers—including AI's potential impact—aiming for most conclusions by year-end. Warsh also removed forward guidance, calling for flexibility as economic conditions evolve.

The Bucket

Since opening in 1935 as a modest lunch bucket-shaped food stand, this beloved Eagle Rock spot has evolved over the decades. It has expanded, transformed in appearance, and embraced fresh beginnings under new ownership, evolving through creative transformations while staying true to its roots.

Under new ownership and with a fresh vision, it has been revitalized to serve as a welcoming community hub. The renewed focus on affordable, high-quality food and drinks reaffirms its role as a local favorite—a true second home for the neighborhood.

For Sale

4452 Lincoln Ave,

Los Angeles, CA 90041

Priced to sell! Charming Spanish-style duplex in the heart of Eagle Rock, offering a rare opportunity for both investors and owner-users. Both units to be vacant at the close of escrow. The property features attractive landscaping with mature palm trees and several fruit trees, creating a welcoming and tranquil outdoor setting. Ample parking adds to the overall convenience and appeal.Ideally located just minutes from trendy shops, cafes, and popular eateries, this property also provides easy access to major freeways. A short drive connects you to Downtown Los Angeles, Glendale, and Pasadena, placing the very best of city living within reach while still enjoying the character of a well-established neighborhood.Both units are spacious and thoughtfully laid out, offering comfort, functionality, and strong rental potential. Whether you're looking to live in one unit and rent the other or expand your investment portfolio, this duplex delivers flexibility and value. A guest room located at the rear of the property may not be permitted. Priced as the lowest-priced duplex in Eagle Rock, this is an exceptional opportunity you won't want to miss.

Property Features:

- 2 Bedrooms & 2 Bath

- 1,930 Square Ft

- Duplex

Don't miss this amazing opportunity.