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US Bank / Advisor Perspectives · United States · Warsh's first Fed meeting: rates on hold, hike back on the table
Notes PCE inflation revised up to 3.6% at year-end (from 2.7% in the March SEP); 2026 GDP growth revised down slightly; emphasises that Warsh inherits a balance sheet still large relative to pre-pandemic norms and that his task-force review may accelerate QT pace.
“Year-end PCE forecast revised from 2.7% to 3.6%, the largest single-meeting upward revision since the 2022 hiking cycle.”