mery Contreras
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#FOMCMeeting The Federal Open Market Committee (FOMC) meeting is currently underway, starting today, June 17, and concluding tomorrow, June 18. Here is what you need to know [2]:
- *Meeting Expectations*: The FOMC is not expected to cut interest rates at this meeting, but the committee will publish its Summary of Economic Projections (SEP), also known as the "dot plot," which will indicate the projected federal funds rate for the end of the year.
- *Key Points*:
- *Interest Rate Decision*: A rate cut is not expected, but investors will be looking for clues about future rate changes.
- *Dot Plot*: The SEP will provide information about the committee's expectations for the federal funds rate.
- *Powell's Press Conference*: The press conference of Fed Chair Jerome Powell, scheduled for 2:30 PM EST on June 18, will be closely watched for clues about the committee's decision-making process and economic outlook.
- *Economic Indicators*: Recent data shows:
- *Industrial Production*: Fell by 0.2% in May, with manufacturing activity increasing by 0.1% due to strong demand for motor vehicles and parts.
_*Retail Sales*: Decreased by 0.9% from April to May, exceeding expectations, with a year-over-year increase of 3.3%.
Investors will analyze the FOMC statement, Powell's press conference, and the SEP for insights into the committee's economic outlook and potential future policy decisions.
- *Meeting Expectations*: The FOMC is not expected to cut interest rates at this meeting, but the committee will publish its Summary of Economic Projections (SEP), also known as the "dot plot," which will indicate the projected federal funds rate for the end of the year.
- *Key Points*:
- *Interest Rate Decision*: A rate cut is not expected, but investors will be looking for clues about future rate changes.
- *Dot Plot*: The SEP will provide information about the committee's expectations for the federal funds rate.
- *Powell's Press Conference*: The press conference of Fed Chair Jerome Powell, scheduled for 2:30 PM EST on June 18, will be closely watched for clues about the committee's decision-making process and economic outlook.
- *Economic Indicators*: Recent data shows:
- *Industrial Production*: Fell by 0.2% in May, with manufacturing activity increasing by 0.1% due to strong demand for motor vehicles and parts.
_*Retail Sales*: Decreased by 0.9% from April to May, exceeding expectations, with a year-over-year increase of 3.3%.
Investors will analyze the FOMC statement, Powell's press conference, and the SEP for insights into the committee's economic outlook and potential future policy decisions.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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