EY economist Greg Daco predicts Fed will hold rates through 2026 despite hawkish signals

Summary

EY-Parthenon chief economist Greg Daco argues that the Federal Reserve is likely to hold interest rates steady through 2026, contrary to Wall Street expectations of rate hikes. The analysis follows the Fed's June 17 meeting where nine of 19 policymakers forecast at least one rate hike by year-end, marking a hawkish shift. Daco suggests investors may be misreading the Fed's signals, as inflation data (May PCE report) continues to fuel debate about the central bank's next moves.

Source

bskyEY economist Greg Daco predicts Fed will hold rates through 2026 despite hawkish signalsbit.ly