US Macro Weekly

The report highlights a hawkish June FOMC meeting under new Chair Kevin Warsh, which moved away from forward guidance. Despite inflationary pressures linked to the Iran war, US economic activity remains resilient.

Key Takeaways

• 1.The June FOMC meeting, led by new Chair Kevin Warsh, was notably hawkish with the removal of forward guidance and a dot plot indicating a median shift toward potential tightening.
• 2.Economic activity in the US remains resilient through Q1/Q2 2026, supported by robust private consumer spending, despite the inflationary pressures of the Iran war.
• 3.The US and Iran reached a memorandum of understanding, potentially re-opening the Strait of Hormuz, though significant geopolitical issues remain.

Table of Contents

• Week ahead
• Week in review
• US Economic Outlook
• US Macro Weekly: Economic Calendar
• Fed
• Washington DC
• Markets
• US Dashboards
• US Inflation Forecast
• Macro Research advanced tools
• Red Mount Analytics

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