Keep an eye on the new Fed Chairman Waller's debut at the FOMC meeting. This session is set for June 16-17, with the final results dropping on the 18th Beijing time. Market expectations are above 98% that the Fed will hold rates steady this time, so the rates themselves aren't the main focus. The real game-changers are two things: the dot plot released at the meeting and Waller's statements.
It's worth noting Waller's unique style; he had publicly criticized the Fed's transparency before taking office, advocating for a reduced emphasis on the dot plot and scrapping the fixed press conferences. His speaking style and policy approach will differ significantly from his predecessor, making this meeting a key variable.
It's worth noting Waller's unique style; he had publicly criticized the Fed's transparency before taking office, advocating for a reduced emphasis on the dot plot and scrapping the fixed press conferences. His speaking style and policy approach will differ significantly from his predecessor, making this meeting a key variable.