Anonymous21 days ago
Most economists continue to forecast a Federal Reserve rate cut in June 2026 despite surging oil prices from the Iran conflict, but Wall Street is deeply divided — Goldman Sachs has pushed its call to September, while J.P. Morgan sees no cuts at all this year. The Fed faces its most difficult policy crossroads since the 1970s, caught between a softening labor market that argues for easing and an energy-driven inflation shock that argues for patience, all against the backdrop of a leadership transition from Jerome Powell to nominee Kevin Warsh.