1404 ET - The Fed's dot plot turned sharply more hawkish at the June meeting, versus the most meeting when the Fed released one, in March. Eighteen policymakers participated in the dot plot; one official, possibly Chairman Kevin Warsh, did not. Of those 18, nine said they expect at least one rate hike to be appropriate this year. In March, none held that view. Eight officials think rates should hold steady this year, and one anticipates a single rate cut. Warsh has criticized the dot plot and many analysts had anticipated he might not participate. His new colleagues on the Fed are nonetheless using the dot plot to send a strongly hawkish signal. (matt.grossman@wsj.com; @mattgrossman)
(END) Dow Jones Newswires
June 17, 2026 14:04 ET (18:04 GMT)
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