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