Fed Dot Plot Shows Nine Officials Supporting 2026 Rate Hikes, Up Sharply From March

According to Jin10, the Federal Reserve's dot plot released on June 18 shows a significant shift in 2026 policy expectations. Nine officials now support rate hikes in 2026, compared to zero in March, with one backing three consecutive hikes totaling 75 basis points. Meanwhile, support for rate cuts has collapsed to just one official, down from 12 in March. The policy shift reflects a notable tightening bias among Fed policymakers ahead of next year.
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