Fed Official Kashkari Gives Rate Hike Warning: How Will US Stocks and Bitcoin React?
Key takeaways
- Fed Official Kashkari Gives Rate Hike Warning: How Will US Stocks and Bitcoin React?
- The bigger signal came from the Fed's own projections.
- Investors had spent much of the year expecting the next major move to be a cut.
Fed Official Kashkari Gives Rate Hike Warning: How Will US Stocks and Bitcoin React? Lockridge Okoth Sat, June 27, 2026 at 12:41 AM GMT+7 3 min read BTC-USD A senior Federal Reserve official has put a possible 2026 interest rate hike back in focus, adding new pressure on US stocks. Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said Friday that he now expects one rate increase in 2026 and does not see cuts coming soon.
His comments are critical because Kashkari has long been seen as one of the Fed's more dovish policymakers. His shift suggests inflation concerns are spreading inside the central bank, leaving investors to rethink how long borrowing costs may stay high.
Kashkari's comments came shortly after the Fed's June policy meeting, where officials voted 12-0 to hold interest rates between 3.50% and 3.75%.