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Instant Reaction: The Fed Decides | Bloomberg Surveillance, Sonic AI
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Instant Reaction: The Fed Decides | Bloomberg Surveillance
Bloomberg Surveillance
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Jun 17, 2026
•
29:34
Interview
Instant Reaction: The Fed Decides | Bloomberg Surveillance
From
Bloomberg Surveillance
Lisa Abramowicz
(Host)
•
Scarlet Fu
(Host)
•
Diane Swonk
(Guest)
•
Instant Reaction
(A financial and political news analyst…)
•
Rich Clarida
(Guest)
•
Michael McKee
(Bloomberg economic and financial analyst)
•
Matt Lazzetti
(Guest)
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Executive Summary
The Federal Reserve held its benchmark interest rate but signaled a significant hawkish shift under new Chair Kevin Walsh, with half of the FOMC members now projecting at least one rate hike this year.
The Fed substantially raised its inflation forecasts, with headline PCE now expected at 3.6% and core PCE at 3.3% for the year, indicating that inflation is viewed as more persistent and broad-based.
Chair Walsh is making his mark by shortening the policy statement, removing the 'balance of risks' assessment, and potentially abstaining from the dot plot, signaling a major shift in the Fed's communication strategy.
Markets reacted with surprise to the hawkish tone, leading to a sell-off in stocks and a significant rise in short-term Treasury yields as investors repriced for a higher-for-longer rate environment.
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The 'Warsh Fed' Hawkish Pivot
Shifting Communication Strategy
Persistent Core Inflation
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