Federal Reserve to make important decisions next week
FOMC meeting comes before release of May CPI inflation report on June 12
Interest rates not expected to change at upcoming meeting, but projections uncertain
Investors see 86.3% chance of Fed rate cut by Dec. 17-18 meeting
U.S economy added 270,000 jobs in May
Next week, the Federal Reserve is set to make important decisions that could impact the stock market. On Wednesday, the Fed will update its interest rate forecasts for the first time in three months. While it is widely expected that borrowing costs will remain unchanged for a seventh consecutive meeting, there is less certainty regarding officials' rate projections. The Federal Reserve Meeting takes place on Tuesday-Wednesday, and markets only see a 2.2% chance of a quarter-point rate cut at the June 11-12 meeting. However, investors see an 86.3% chance of a Fed rate cut by the Dec. 17-18 meeting.
The FOMC meeting is crucial as it comes before the release of May's Consumer Price Index (CPI) inflation report on June 12, which could provide insight into overall CPI and core prices. The U.S economy added 270,000 jobs in May.
Economists are closely watching these developments as they could influence the direction of the stock market. It is important to note that there may be biases present in various sources reporting on this topic.
FOMC meeting scheduled for Wednesday, June 12, 2024
May CPI inflation report releases before the FOMC meeting on June 12, 2024
U.S. economy added 270,000 jobs in May
Accuracy
]The Federal Reserve is expected to hold borrowing costs steady for a seventh consecutive meeting[1]
Deception
(30%)
The article is moderately deceiving due to selective reporting and editorializing. The author presents a narrative that suggests the stock market crash is impending based on upcoming events like the FOMC meeting and CPI release. However, they omit information that would provide a more comprehensive view of the economic situation.
This time around it’s less about the actual interest rate decision — most analysts have already priced in no change to rates this month — and more about the tone that the Federal Reserve and Fed Chair Jerome Powell adopt at the meeting.
Economists are holding their breaths ahead of the FOMC-CPI double header on Wednesday Jun 7, 2024...
With today’s lukewarm jobs report, investors are anxiously awaiting next week’s crucial Federal Open Market Committee (FOMC) meeting set for Wednesday, June 12.
