🔔 Fed Chair – Jerome Powell – will speak at 8:30 PM tonight at the Sintra Forum alongside leaders of the world's top central banks, including Christine Lagarde (ECB) and Andrew Bailey (BoE). This is one of the most closely watched events by the market as signals from the speech may reveal upcoming monetary policy.
🌐 Current market context
Interest rate prediction: Fed keeps interest rates steady at 4.25–4.50% at the mid-June meeting and still plans to cut rates 2 times by 25 basis points this year (end of September and December). Goldman Sachs even pushed the timing of the cut to September.
In addition, two prominent figures Trump and Elon Musk are also having a tough time with each other :)))