Our take on the Fed’s pause | 19 Jun 2026 | Market take | BlackRock
- Speaker: Ehsan Khoman, Economist at the BlackRock [00:00:05]
Key Topics & Analysis
1. The Hawkish Surprise
- The Situation: The very first meeting under the leadership of the new Chair, Kevin Warsh, delivered a hawkish surprise to the financial markets [00:00:12].
- Context: This outcome was unexpected because it arrived on top of an already significant hawkish market repricing that had developed over the last few months [00:00:12].
- The Dot Plot: Exactly 9 out of 18 Fed Open Market Committee (FOMC) members now project a rate hike this year [00:00:28].
2. Reassessing Forecasts and Policy Optionality
References
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