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Forward Guidance Is Gone
Although half of the forecasting participants now expects to hike before the end of the year, it was only three months ago – and after the outbreak of the war – that the median participant still expected one cut in 2026
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investors.com
Warsh Drops 'Forward Guidance' Even As Many Policymakers Favor Hike
Policymakers scrapped an easing bias. Nine out of 18 see a rate hike this year.
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cnbc.com
Chairman Warsh abstains from giving rate forecast as several members signal a hike in 2026
The median projection called for the federal funds rate to end 2026 at 3.8%, a quarter percentage point above the current target range.
