Analyst: The risk of the Federal Reserve raising interest rates has clearly increased According to a report by Golden Finance, on June 18th, the Federal Reserve unexpectedly shifted towards a more aggressive stance on interest rate hikes, which undoubtedly disappointed President Trump and also indicated that Fed officials' concerns about the possibility of sustained high inflation are intensifying. The latest dot plot shows that 9 Federal Reserve officials support raising interest rates this year, and 6 support raising rates twice or more, each by 25 basis points. This is in stark contrast to March, when no policy maker predicted a rate hike, and the committee as a whole expected a rate cut once in 2026. In addition, Walsh also emphasized the Federal Reserve's determination to combat inflation. Matthew Luzetti, Chief US Economist at Deutsche Bank, stated that considering this information, the risk that the Federal Reserve may need to raise interest rates has clearly increased. The financial market also agrees with this. After the Federal Reserve issued a statement and Walsh's speech, the stock market fell sharply and bond yields rose.