The Fed kept the funds rate at 3.50–3.75% on June 17 in Warsh’s first FOMC meeting as chair, but a hawkish dot plot rattled markets and pushed the S&P 500 down 1.2%.
Tag: FOMC
Posted inEconomy
Markets price a Fed hike for the first time as Warsh chairs his June 17 FOMC debut
For the first time in two years markets are pricing a Fed rate hike as Kevin Warsh chairs his first FOMC meeting on June 16–17, with US inflation at 4.2% and no cut bets remaining for all of 2026.