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📊WSJ SURVEY: Inflation projections rise as Fed rate cuts are now off the table for 2026.
Economists surveyed by the Wall Street Journal raised their CPI forecast from 3.2% to 3.4% by December as the Iran war left inflation more persistent than expected.
The Fed is expected to hold rates at 3.5% to 3.75% through year end with only 15% of economists seeing a hike as probable.
Oil hit $112.95 at the peak of the conflict and has since fallen back to $71 after the June ceasefire, per WSJ.
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