Will the FOMC cut rates at any remaining 2026 meeting?

Given the current federal funds target range of 3.50 to 3.75 percent and the recent June 2026 statement that erased the cutting bias, the likelihood of rate cuts at remaining 2026 meetings seems low. Additionally, the June 2026 summary of economic projections indicates a median estimate of 3.8 percent for the year-end 2026 rate, with nine of eighteen participants projecting rates above the current target range. This suggests that the Fed is more likely focused on maintaining or potentially increasing rates depending on economic conditions.