Lates News

Phil Neuhart, Director of Market and Economic Research at First Citizens Bank, said that investors and the market will be particularly focused on the median forecast for the federal funds rate at the end of 2026. This is difficult to predict, but we believe the median will continue to indicate only one rate cut for the remainder of the year. In addition to the Federal Open Market Committee's forecasts, Powell's press conference tone will be a key variable in influencing the market, especially how he will address the recent contradiction between soaring oil prices and weak labor market data.