Morning Edition · Tuesday, June 23, 2026
Bank of America Now Expects Three Fed Rate Hikes This Year as Warsh's Inflation Fight Hardens
A forecast for tightening under the new Federal Reserve chair injects real-rate uncertainty that pressures risk assets, crypto included.
Bank of America now expects three Federal Reserve interest-rate hikes this year, warning that inflation is getting "unambiguously worse" under Chair Kevin Warsh, the bank told CNBC. The call marks a shift toward a tighter monetary path than…
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New Fed Chair Scraps Forward Guidance for a Hawkish Regime
Over the coming months, the Warsh-led Fed's elimination of forward guidance and the dot plot, paired with a hawkish tilt toward hikes, injects real-rate and liquidity uncertainty that pressures risk assets including Bitcoin.
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