0530 GMT - The Federal Reserve might still cut interest rates this year, even as the likelihood is small, says Navellier & Associates' Louis Navellier in a note. "Due to the fact that market rates have declined a bit and might fall further as energy prices fizzle, I am still holding out for a Fed key interest rate cut later this year, but I am in a small minority," he says. Fed Chairman Kevin Warsh confirmed that the Fed's forward guidance has been dropped, which is his first big stamp on the FOMC, Navellier says. Money markets currently price in 38 basis points of interest-rate hikes by the Fed through year end, according to LSEG.(emese.bartha@wsj.com)
(END) Dow Jones Newswires
June 19, 2026 01:30 ET (05:30 GMT)
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