Coverage is mostly measured — 3 of 3 reports stay neutral.
The Federal Reserve is widely expected to maintain the current federal funds rate of 3.50%-3.75% during its June 16-17 meeting. Market participants assign a greater than 99% probability to this outcome, as the central bank continues to monitor inflation and fiscal dynamics following three rate cuts in late 2025. This meeting marks the first vote led by new chair Kevin Warsh, whose approach is anticipated to favor institutional stability and continuity.
JPMorgan analysts project a total of two rate cuts for 2026 and one for 2027, citing persistent inflationary pressures and fiscal uncertainty as factors that necessitate a cautious policy stance. While the decision to hold rates is largely priced into markets, analysts suggest that volatility may arise from the Fed's post-meeting press conference, updated dot plot projections, and changes in forward guidance, all of which could influence market sentiment, including in the crypto sector.
The federal funds rate is currently set at 3.50%-3.75%.
Market pricing indicates a greater than 99% probability that the Federal Reserve will keep rates unchanged at the June 2026 meeting.
Kevin Warsh is presiding over his first FOMC meeting as the new chair of the Federal Reserve.
JPMorgan forecasts two interest rate cuts for 2026 and one additional cut for 2027.
Crypto markets have historically demonstrated sensitivity to Fed announcements, with potential volatility linked to the committee's forward guidance and tone.
The current federal funds rate is 3.50%-3.75%.
The Federal Reserve's next two-day meeting is scheduled for June 16-17, 2026.
JPMorgan's forecast calls for two rate cuts throughout 2026.
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