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Economics10d 6h ago
Experts do not expect an interest rate cut from this week's Federal Reserve meeting, with Odysseas Papadimitriou stating there's "absolutely no chance that the Fed is going to change the rates in this meeting."
not specified (Federal Reserve events are typically in Washington D.C., but not stated in source)
Who
Federal Reserve, Odysseas Papadimitriou, Kevin Warsh, Jerome Powell, Goldman Sachs, J.P. Morgan
What
Experts do not expect an interest rate cut from this week's Federal Reserve meeting, with Odysseas Papadimitriou stating there's "absolutely no chance that the Fed is going to change the rates in this meeting."
When
Tue, 16 Jun 2026 22:50:36 GMT · 10d 6h ago
Where
not specified (Federal Reserve events are typically in Washington D.C., but not stated in source) ·
Why
Inflation remains the top concern for the Federal Reserve, as headline inflation from the consumer price index jumped from 2.4% in February to 4.2% in May, and the personal consumption expenditures price index climbed from 2.9% to 3.8% in two months, with a rate cut potentially exacerbating the issue.
The Frontline Impact
How this affects you
The Federal Reserve is meeting this week to determine monetary policy, and with inflation a primary concern, a rate cut is unlikely. This decision has significant implications for global markets and economic stability, particularly given the ongoing conflict in Iran.
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