The April 28-29 FOMC meeting’s record four dissents over an easing bias in the policy statement, driven by inflation readings still above the 2% target and concerns that the next federal funds rate move could be a hike rather than a cut, have prompted expectations of greater internal alignment at the June 16-17 gathering. Subsequent May CPI and nonfarm payrolls releases, combined with incoming leadership communications, have reinforced a neutral-to-hawkish stance with the federal funds rate held at 3.50%-3.75%. Futures markets now assign less than a 10% probability to any 2026 easing, narrowing the scope for renewed divisions. These factors position zero dissents as the dominant market-implied outcome at 73.5%, while the 15% odds on a single dissent reflect lingering uncertainty around inflation persistence and the 7% and 6.5% probabilities on two or three dissents align with the committee’s recent convergence.