Mid-Year U.S. Economic Outlook: Will the Fed Continue to Hike?

This podcast episode examines the economic projections and policy path determined at the June FOMC meeting. The Federal Reserve maintained interest rates but signaled a cautious approach toward future rate hikes. Economic projections were revised up, reflecting a hawkish stance and suggesting two more 25 basis point rate increases this year. Inflation forecasts were adjusted upward, yet the speaker expresses skepticism, anticipating a faster decline in core inflation than the Fed predicts. The podcast suggests a soft landing scenario for the US economy, with easing inflation and wages but sustained job gains.