2 Stocks Win as the Fed Shelves Rate Cuts for 2026

The Fed’s June projections split the committee 9-9 on a 2026 hike, and today’s minutes show participants making the case for one even as all twelve voters held.1,2 Warsh stripped forward guidance in his first meeting as Chair. A higher-for-longer regime with no relief priced rewards asset-light tolls on nominal spending; the purest expressions are Mastercard and Visa.