Week of June 22, 2026
Our Monetary Policy Signal remains green. Inflation has proven more persistent than expected, reducing the need for additional Federal Reserve stimulus. New Fed Chair Warsh, a committed monetarist, reinforced this outlook during his first meeting, signaling that policy decisions will be driven by economic data rather than market or political pressures. A Fed commitment to preserving the purchasing power of the dollar and maintaining long-term price stability remains a constructive backdrop for economic growth and capital markets.
Bob Bilkie, CFA
