Jun. 25 at 3:02 PM
We have to care about this stuff now
as Fed Chair Warsh says less forward guidance is going to be the norm
so how mkts react to econ data becomes more important than the last decade+ of fed dot plots
🧐👇
$TLT $IEF $SPY $QQQ etc
"The Federal Reserve's primary inflation gauge, the core PCE price index, showed the 12-month inflation rate hitting its highest level since October 2023
[10:59 AM]After the PCE inflation data, markets are now pricing in 30% odds of July 29 Fed rate hike, down from 34% on Wednesday, according to CME Group's
FedWatch tool. Odds of a rate hike through the Sept. 16 Fed meeting stand at 62%, down from 66% on Wednesday.
Odds of a rate-hike through the Fed's final meeting of the year on Dec. 9 stand at 80%, down only slightly from 81% on Wednesday." IBD