Breaking: $XAU Why did gold and the Dow Jones drop sharply after the Fed's decision?
The U.S. Federal Reserve's June decision to keep the interest rate unchanged at 3.75% was in line with market expectations, but the markets were surprised by changes in the dot plot that reveals Fed members' views on future interest rates.
The new Fed Chair did not contribute to the dot plot that discloses expectations from Fed members regarding monetary policy and interest rates in the coming years.
Bob Michele, head of fixed income at JPMorgan, noted that all Fed members are handling inflation with caution and do not view it as a transitory or fleeting issue.#UNISurges20% #UNISurges20% #WarshFirstFOMCRatesHold #XiaohongshuHKIPOValuationAbove$70B #TankersUTurnOnPossibleHormuzReopening
The U.S. Federal Reserve's June decision to keep the interest rate unchanged at 3.75% was in line with market expectations, but the markets were surprised by changes in the dot plot that reveals Fed members' views on future interest rates.
The new Fed Chair did not contribute to the dot plot that discloses expectations from Fed members regarding monetary policy and interest rates in the coming years.
Bob Michele, head of fixed income at JPMorgan, noted that all Fed members are handling inflation with caution and do not view it as a transitory or fleeting issue.#UNISurges20% #UNISurges20% #WarshFirstFOMCRatesHold #XiaohongshuHKIPOValuationAbove$70B #TankersUTurnOnPossibleHormuzReopening