Fed Officials Expect Higher Inflation, Delayed Rate Cuts Ahead of June 17 Policy Meeting: Analysts

According to Jin10's compilation of institution forecasts, major investment banks expect the Federal Reserve to raise inflation projections while delaying rate cuts at its upcoming policy meeting. UBS and Goldman Sachs predict the dot plot will show no rate cuts in 2026, with cuts potentially occurring in 2027 or 2028. Barclays expects the Fed to hold rates unchanged through 2026 and cut only once in 2027. A key point of debate among analysts concerns whether incoming Fed Chair Austen Goolsbee will submit an individual rate forecast, with some expecting him to omit it due to his stated skepticism of forward guidance, which could signal a shift toward fewer policy signals.
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