FOMC Holds Rates As Expected, Dot-Plot Shifts More Hawkish In 2024

Since the last FOMC statement (on May 1st), stocks and bonds have outperformed (with the former at record highs), gold is flat while the dollar is down modestly. Amid all that, oil is down significantly… Source: Bloomberg These market moves have been prompted by a ‘bad news is good news’ regime as US macro data […] Source
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