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🇺🇸 Warsh drops his dot and the guidance, leaving nine hawkish colleagues to speak for the Fed
The day in view

🇺🇸 Warsh drops his dot and the guidance, leaving nine hawkish colleagues to speak for the Fed

Macro Soup Newsroom Macro Soup Newsroom 3 min read

Warsh declined to file a dot in the June SEP, the first Fed chair since 2012 to withhold his own projection. Nine of 18 participants favor at least one hike in 2026. Housing starts fell 15.4% month-over-month in May.

Welder in helmet, apron, and gloves operating a torch on metal with sparks flying in an industrial setting.
Richmond Fed reports flat manufacturing activity in the Fifth District for June, underscoring cooling momentum amid Middle East uncertainty. Source

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