Episode
The rate cut era is over
- Podcast
- The Weekly Fix
- Published
- Jun 23, 2026
- Duration seconds
- 257
- Processing state
not_requested- Canonical source
- https://the-weekly-fix.captivate.fm
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Summary
The Federal Reserve's pivot under new leadership is reshaping the fixed income landscape, and investors need to be ready. Laurie Mount, Portfolio Manager on RBC GAM's BlueBay U.S. Fixed Income team, breaks down what changed at the Fed's latest meeting and how investors should think about navigating this shift. Warsh's first meeting as Fed chair delivered a hawkish surprise, with officials now projecting higher rates through 2027 and markets pricing in a rate hike as soon as September. The Fed pulled back on guidance and moved to discretionary bond purchases, creating less certainty about future moves and more potential volatility in short-term Treasury yields. While a potential US-Iran deal has pushed gas prices below $4 for the first time since March, tight spreads and lingering inflation pressures still call for caution in this environment.