Federal Reserve officials expect higher inflation, analysts say, delaying rate cuts before the June 17 policy meeting. According to institutional forecasts compiled by Jin10, major investment banks expect the Federal Reserve to raise inflation forecasts at the upcoming policy meeting while postponing rate cuts. In forecasts from UBS and Goldman Sachs, the dot plot will show no rate cuts in 2026, with cuts possibly occurring in 2027 or 2028. Barclays expects the Federal Reserve to keep interest rates unchanged during 2026 and to cut rates only once in 2027. A key point of debate among analysts is whether the new Federal Reserve Chair Austen Goolsbee will submit individual interest rate projections; some expect he will not, due to his explicit skepticism of forward guidance, which could mean fewer policy signals changes.