The Fed is fed up with inflation and will bring down the hammer with a series of rate hikes this year, reversing earlier cuts, BofA says

Fortune•Mon, Jun 22, 2026, 04:16 PM•2 min read

“The Fed was willing to look through the tariffs, but it is losing patience after the latest round of supply shocks.

Source: [Fortune](https://fortune.com/2026/06/22/fed-rate-hikes-outlook-sticky-inflation-kevin-warsh-job-growth-oil-prices/)

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