Copper/USD

In conjunction with the Federal Open Market Committee (FOMC) meeting held on June 16–17, 2026, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2026 to 2028 and over the longer run. Each participant’s projections were based on information available at the time of the meeting, together with her or his assessment of appropriate monetary policy—including a path for the federal funds rate and its longer-run value—and assumptions about other factors likely to affect economic outcomes. The longer-run projections represent each participant’s assessment of the value to which each variable would be expected to converge, over time, under appropriate monetary policy and in the absence of further shocks to the economy. “Appropriate monetary policy” is defined as the future path of policy that each participant deems most likely to foster outcomes for economic activity and inflation that best satisfy his or her individual interpretation of the statutory mandate to promote maximum employment and price stability *FED: NINE OF 18 FOMC PARTICIPANTS PENCIL IN 2026 RATE HIKE FOMC Median Rate Forecast: Current Year: 3.75% (exp 3.625%, prev 3.375%) - FOMC Median Rate Forecast: Next Year: 3.625% (exp 3.375%, prev 3.125%) - FOMC Median Rate Forecast: +2 Years: 3.375% (exp 3.125%, prev 3.125%) - FOMC Median Rate Forecast: Long-Run: 3.063% (exp 3.125%,…

The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate. The Committee reaffirmed its policy of maintaining ample reserves in the banking system. Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East. Productivity growth and capital investment are strong. Job gains have kept pace with the workforce, and the unemployment rate has changed little. Inflation remains elevated relative to the Committee’s 2 percent goal, in part reflecting supply shocks that have driven price inc *FED REMOVES STATEMENT REFERENCE TO ADDITIONAL RATE ADJUSTMENTS The fed vote in favor of the policy was unanimous.

Watch live as U.S. President Donald Trump speaks to the media at the end of the G7 summit in Evian-les-Bains, France.

Pending home sales in May increased by 3.8% month-over-month and 4.8% year-over-year, according to the National Association of REALTORS® Pending Home Sales report. The report provides the real estate ecosystem—including agents, homebuyers and sellers—with data on the level of home sales under contract. Month-over-month and year-over-year pending home sales ...

Canada's PM Carney: Trump likes the structure of Canada's deal with China on cars

Our Global Head of Macro Strategy Matthew Hornbach and our Chief U.S. Economist Michael Gapen discuss the signals investors will be seeking from the new Fed Chair leading his first monetary policy meeting and possible implications for markets.

Stephen Miran, former Fed governor and Hudson Bay Capital, joins 'Squawk on the Street' to discuss if there's an argument to be cutting rates, where inflation will be next year and much more.

Federal Reserve Chairman Kevin Warsh is floating major revisions to the central bank’s management of assets, inflation and public communications. Markets are pricing in higher odds for future rate hikes, rather than rate cuts as emphasized by Chair Warsh in confirmation hearings. CNBC’s Matt Peterson, Steve Liesman and Jeff Cox report.

When the Federal Reserve wraps up its policy meeting Wednesday, one important thing could be missing — a dot. The central bank’s Federal Open Market Committee is set to release its quarterly update of where individual officials expect interest rates to head this year and through 2028 and beyond. Markets closely parse the grid, known more commonly as the ...