Market Update | June 2026

This month, Phillip Neuhart and Blake Taylor discuss where markets and the economy stand midway through 2026. The US economy has shown notable resilience despite a volatile first half, marked by geopolitical shocks, rising energy prices and new leadership at the Federal Reserve. The outlook is similar to where the year began, with one key exception: inflation has moved higher. Chairman Kevin Warsh’s first FOMC meeting underscored a renewed focus on returning inflation to the Federal Reserve’s 2% target. Strong earnings continue to drive financial markets higher. While large technology firms are leading the way, performance continues to broaden. In fixed income markets, higher interest rates help reinforce our long-standing view that portfolio balance and long-term discipline remain essential in navigating an environment defined by both resilience and evolving risks. For more information, visit https://www.firstcitizens.com/wealth/market-outlook/2026/making-sense-june-market-update.