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The markets are excited this morning as a possible peace deal between Iran and Israel appears to be on the horizon.
We’re not far from all-time highs now, 2.5% as I write this.
Now, we turn our eyes towards Wednesday, when the Fed will announce its latest interest rate.
All expectations are that the current rate will remain the same, but this month, we will get the release of the quarterly dot plot that could send significant signals to the market.
The dot plot, pictured below, is a graph where the members of the Fed plot out their expected rate changes over time.
Last time, the “consensus” projected two more rate cuts this year.
But will that hold true this month, with all the economic data we’ve seen come out since March?
President Trump is constantly pressuring the Fed and Chairman Powell, or “Too Late,” as the President often calls him on TruthSocial, to lower interest rates.
But Powell has been largely impervious to political pressure from Trump in the past.
The dot plot will reveal a lot about where the Fed’s head is at, and a big change in either direction could surprise the markets.
Don’t forget that the markets are closed on Thursday in honor of the Juneteenth holiday.
This will be an interesting week as always.
I hope you started by checking out what Nate, Graham, and the other experts had to share on this morning’s expanded Opening Playbook session, but if you missed out, check out the full replay here.
To your prosperity,
Stephen Ground
Editor-in-Chief, ProsperityPub
