In the early hours of June 17, 2023, the Federal Reserve's interest rate meeting will be an epic event! Right now, all market gamblers are betting on rate cuts, with CME interest rate futures showing an 80% probability of a rate cut in June, higher than the frequency of Trump's Twitter rants!

Political Pressure: Trump's Rate Cut Mania

This old man has completely lost it! Yesterday, he was ranting on Twitter that Powell is 'Mr. Too Late,' demanding a one-time rate cut of 100 basis points (equivalent to cutting four times). Even more ruthless, he directly stated, 'The new Federal Reserve chair has been decided,' making it clear he wants to replace the disobedient Powell!

Why the urgency? The data is too dismal:

In May, non-farm payrolls added only 75,000 jobs, halving the expectation of 152,000, and the unemployment rate surged to 4.2%.

Q2 GDP growth rate has been slashed by the Atlanta Fed to 1.8%, with the risk of a hard economic landing increasing significantly.