The Federal Reserve held rates unchanged at the new chair's first meeting. The chair said the Fed is united and committed to controlling inf. He ended the practice of issuing forward guidance ahead of the statement but the Fed released a dot plot sho

2026-06-18

The Federal Reserve held rates unchanged at the new chair's first meeting. The chair said the Fed is united and committed to controlling inf. He ended the practice of issuing forward guidance ahead of the statement but the Fed released a dot plot showing nine officials expect rate hikes by year‑end, eight expect no change and one expects a cut. The chair did not submit a personal projection and said markets should price policy based on incoming data rather than Fed forecasts. He declined to say whether he has spoken to President Trump since taking office; Trump, who nominated him, has pushed for cuts but recently said the chair should 'do what he wants'. The dot plot’s distribution and removal of front‑loaded guidance shift emphasis to data‑dependent market pricing; the chair’s political independence will be a follow‑on market risk.

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2026-06-17

President Trump said at the G7 summit on Wednesday that the path of global oil prices will determine whether the United States reinstates sanctions on shipments of Russian crude. He added, We are watching how low oil will go; prices have fallen subst

2026-06-18

Asian Stocks 1. The Shanghai Composite Index closed up 16.18 points, or 0.4%, at 4108.08 on Wednesday, June 17. 2. The Shenzhen Component Index closed up 205.71 points, or 1.31%, at 15880.95 on Wednesday, June 17. 3. The CSI 300 Index closed up 47