Federal Reserve’s June inflation forecast surprises Wall Street with hawkish pivot
Federal Reserve’s June inflation forecast surprises Wall Street with hawkish pivot The FOMC raised its 2026 PCE inflation outlook to 3.6% while holding rates steady, dashing hopes for near-term cuts and rattling risk assets including crypto Share Add us on Google by Editorial Team Jun. The Federal Reserve’s June FOMC meeting concluded with the central bank holding its federal funds rate at 3.5-3.75%, which was expected. What wasn’t expected was the updated set of projections that accompanied the decision, painting an inflation picture far uglier than most traders had priced in.
- ▪Federal Reserve’s June inflation forecast surprises Wall Street with hawkish pivot The FOMC raised its 2026 PCE inflation outlook to 3.6% while holding rates steady, dashing hopes for near-term cuts and rattling risk assets including crypto
- ▪The Federal Reserve’s June FOMC meeting concluded with the central bank holding its federal funds rate at 3.5-3.75%, which was expected.
- ▪What wasn’t expected was the updated set of projections that accompanied the decision, painting an inflation picture far uglier than most traders had priced in.
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Federal Reserve’s June inflation forecast surprises Wall Street with hawkish pivot The FOMC raised its 2026 PCE inflation outlook to 3.6% while holding rates steady, dashing hopes for near-term cuts and rattling risk assets including crypto Share Add us on Google by Editorial Team Jun. 30, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Wall Street was expecting relief. It got the opposite.
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