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Minneapolis Fed's Kashkari now expects one rate hike this year, reversing earlier rate cut forecast.

Market News
26 Jun 2026
Market Watch
View Source
Neutral
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Minneapolis Federal Reserve President Neil Kashkari has changed his outlook on U.S. interest rates, now anticipating one rate hike in 2026 after previously expecting a rate cut. This shift is influenced by uncertainties around the U.S.-Iran peace deal and increased investment in artificial intelligence. Kashkari's updated stance signals a more cautious approach to monetary policy amid evolving economic and geopolitical factors.

More News

The Lemon Reps recover $3.2M for lemon law victims in 12 months with quick settlements.

The Lemon Reps recover $3.2M for lemon law victims in 12 months with quick settlements.

The Lemon Reps, a national lemon law firm based in Beverly Hills, has recovered over $3.2 million and resolved more than 1,500 defective vehicle cases in the past year. They report an average settlement time of about 90 days, helping consumers effici...

Market News
Bearish
1 hour ago
Nasdaq Closing Cross hits record $334B trading volume during June 2026 Russell US Index rebalancing.

Nasdaq Closing Cross hits record $334B trading volume during June 2026 Russell US Index rebalancing.

On June 26, 2026, the Nasdaq Closing Cross recorded a historic trading volume of 4.59 billion shares worth $334 billion in just 1.63 seconds during the semi-annual Russell US Index reconstitution. This event reflects shifts in market capitalization a...

Market News
Bullish
1 hour ago
AI/R Compass UOL named 2026 AWS Consulting Partner of the Year for Brazil

AI/R Compass UOL named 2026 AWS Consulting Partner of the Year for Brazil

AI/R Compass UOL, a subsidiary of AI/R specializing in Agentic AI, won the 2026 AWS Partner Network Award as Consulting Partner of the Year for Brazil. This award highlights the company's leadership in data engineering and complex infrastructure usin...

Market News
Bullish
2 hours ago
Top CIOs recognized at 2026 CapitalCIO ORBIE Awards for leadership and innovation in tech.

Top CIOs recognized at 2026 CapitalCIO ORBIE Awards for leadership and innovation in tech.

The 2026 CapitalCIO ORBIE Awards honored leading chief information officers from major organizations like Marriott International and NASA for their outstanding leadership and impact in technology. The event highlighted CIOs driving business transform...

Others
Neutral
3 hours ago
International Paper to close several plants, refocus on sustainable packaging growth

International Paper to close several plants, refocus on sustainable packaging growth

International Paper announced plans to close its preprint operations in Richwood, KY, and sheet and converting plants in Aurora, IL, Elk Grove, CA, and Barrington, NJ by Q3 2026. This move is part of a strategic effort to optimize its network, reduce...

Company Fundamentals
Neutral
4 hours ago
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