Good Morning Traders!
It is Wednesday the 14th of June. The day of the long awaited FOMC results.
Sentiment
The Federal Reserve is poised to suspend interest rate hikes for the first time in 15 months, but maintaining a tightening bias that implies a possible resumption of increases as soon as next month.
Analysts believe the FOMC will keep the federal funds rate unchanged. Fed Chair Jerome Powell is expected to call the decision a "hawkish skip" rather than an indefinite pause, and to imply a preference for one more raise at the July meeting. The new dot plot will also most likely show one more rate hike this year.
According to a new report, the United States has joined a list of largely emerging-market countries where ESG supply-chain risks are "high," after the world's richest economy failed to establish necessary protections for vulnerable groups like as migrant children.
Docket
08:30 AM ET
US PPI MoM - Median Forecast -0.1% | Prior 0.2% | Range 0.1%/-0.3%
US PPI YoY - Median Forecast 1.5%% | Prior 2.3% | Range 1.7%/-1.6%
10:30 AM ET
Weekly EIA Data
Crude Oil Inventories - Median Forecast - | Prior 1.721M | Range 4.3%/4%
14:00 PM ET
US Interest Rate Decision - Median Forecast 5.25% | Prior 5.25% | Range 5%/5.5%
FOMC Rate Statement
14:30 PM ET
FOMC Press Conference
Speakers
09:45 AM ET
German Finance Min. Lindner addresses delegates at the Bauindustrie construction summit in Berlin.
Good Luck Today!
