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Goldman hints at Fed’s next interest-rate bet under Warsh
Key takeaways
- “Our base case is still that the FOMC will leave the policy rate unchanged this year,’’ Goldman said in the June 17 note.
- The widely watched CME Group FedWatch Tool currently points to the December FOMC meeting as the most likely venue for the central bank’s first rate hike of the year.
- The FOMC voted 12-0 June 17 to hold the benchmark Federal Funds Rate steady at 3.50% to 3.75%.
Goldman hints at Fed’s next interest-rate bet under Warsh Mary Helen Gillespie Tue, June 23, 2026 at 11:47 PM GMT+7 4 min read CME Without forward guidance and a basic tie with the monetary policy forecasts for the rest of the year, the June Federal Open Market Committee meeting left Fed watchers debating whether a rate hike would increase the cost of short-term borrowing costs in 2026.
Goldman Sachs, in a note emailed to The Street, said a majority of the policymaking panel could support a rate hike for “a range of different reasons” depending on upcoming inflation prints and if job growth remains solid.
“Our base case is still that the FOMC will leave the policy rate unchanged this year,’’ Goldman said in the June 17 note.
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