From June 17th to 18th, the Federal Reserve's FOMC meeting enters the quiet period, and Chairman Warsh will face his first interest rate decision since taking office. CME Federal Funds futures show that the probability of keeping the interest rate unchanged is as high as 98.5%. The market is more concerned about the dot plot, the pace of balance sheet reduction, and Warsh's latest statements on inflation and employment. Coupled with the fact that the CPI in May reached 4.2%, a three-year high, the Federal Reserve's policy path has become the core variable for global asset pricing.
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From June 17th to 18th, the Federal Reserve's FOMC meeting enters the quiet period, and Chairman Warsh will face his first interest rate decision since taking office. CME Federal Funds futures show that the probability of keeping the interest rate unchanged is as high as 98.5%. The market is more concerned about the dot plot, the pace of balance sheet reduction, and Warsh's latest statements on inflation and employment. Coupled with the fact that the CPI in May reached 4.2%, a three-year high, the Federal Reserve's policy path has become the core variable for global asset pricing.
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