Early tomorrow morning there will be some important news!
Specifically:
1:00 AM:
- FED announces interest rate changes
- FED releases the Summary of Economic Projections (SEP)
1:30 AM:
- Press conference by Chairman Powell
Currently, the market expects a 99.9% chance of no rate cut in June, with only a 14.5% chance that rates will be cut in the meeting on July 30
Therefore, attention will focus on:
- The SEP reflecting the FED's outlook on future economic prospects along with GDP, unemployment rate, and inflation forecasts
- The Dot Plot chart showing their expectations for the policy interest rate in the coming years
- Powell's responses after the speech
Limit long/short positions at the time of the news release and manage your capital carefully, everyone!
