Rates on hold, but likes for hikes

Bondcast - The Rates Podcast · Jun 19, 2026 · 39m

This week’s episode focuses on a pivotal week for global central banks as markets shift attention away from geopolitical headlines in the Middle East and back toward monetary policy. The discussion covers the first Federal Reserve meeting under Chair Kevin Warsh, the Bank of England’s latest decision, the ECB outlook, and implications for global rates markets.

Key takeaways:

* The Fed turned more hawkish in Warsh’s first meeting, despite no change in rates. Warsh avoided giving forward guidance, but the committee’s dot plot shifted higher, leading markets to price in rate hikes sooner than…