Latest / Markets with Megan: A Quick Financial Markets Update

Fed Minutes: Rate Hike Is Back on the Table | S3 E147 | 05-20-26
The Federal Reserve's April meeting minutes, released today, show a committee growing more uncomfortable with inflation. The language shifted from "somewhat elevated" to simply "elevated," and three members pushed to signal that the next rate move could be a hike, not a cut.
This matters for anyone watching their portfolio right now. The market has already adjusted, pricing in one rate hike before the end of 2026. That is a sharp reversal from where expectations stood just a few months ago when the Fed was still talking about cuts.
In this episode, Megan covers:
• Why the Fed's word change on…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.