Why We Don't Think The Fed Will Hike Rates
2026-06-19 06:55:00 ET
The Federal Reserve is not like other central banks
Wednesday’s Federal Reserve meeting saw a hawkish shift in the Federal Open Market Committee’s stance. Half the committee now expects to hike rates before the end of the year, versus none back in March. The signal was enough to tip a market already leaning toward tightening: investors now fully price a 25bp hike by October and are well on their way to pencilling in a second move in early 2027. Fed Chair Kevin Warsh refused to provide his own guidance, but significantly, the other half of the committee doesn’t think the Fed will hike. We agree with them....
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