📊 The market is now pricing in a 93.1% chance Jerome Powell and the Fed dont raise rates tomorrow

@Fin_Watch

📊 Today’s News:

- Yellen: US dollar decline
- Trump arrested, pleads not guilty
- US warned Ukraine not to attack Nord Stream
- $MSFT x $ATVI blocked
- CPI 4%
- Cohen buys $GME
- $NVDA $1 trillion marketcap
- UBS downgrades $AAPL
- $DIS delays Avatar

@Fin_Watch

📊 SUMMARY OF FED DECISION (6/14/23):

1. Fed leaves interest rates UNCHANGED
2. Unanimous decision for rate action
3. Holding rates steady to "assess policy impact"
4. Strong support for MORE rate HIKES this year
5. Fed sees inflation at 2.5% by end of 2024

For the first time in 15 months, the Fed did not raise rates.

@Fin_Watch

📊The Fed on Inflation Since 2021:

1. May 2021: Inflation is "transitory"
2. Dec. 2021: Inflation may not be transitory
3. Jan. 2022: Inflation should fall to 2.5% in December 2022
4. May 2022: Inflation should fall to 4.3% in December 2022
5. Jan. 2023: Inflation will hit 3.5% in December 2023
6. TODAY: Inflation won't hit 2% target until after 2024

Inflation is currently still at 4.0% in June 2023.

@Fin_Watch