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For this week’s Fed meeting, watch the central bank’s Dot Plots and not what it says

No (2023) surprises Fed surprises on 2024

At today’s meeting the Federal Reserve’s Open Market Committee left the central bank’s policy interest rate at 5.25% to 5.50%. In its Dot Plot forecast the Fed signaled one more interest rate hike for 2023. In its forecast the bank said that rates...
Big deal inflation report on Thursday could be bad news for stocks

Don’t forget tomorrow’s CPI inflation report

Tomorrow, May 10, brings the key CPI inflation report for April. Economists surveyed by Bloomberg are projecting that headline inflation will rise at a 5% year-over-year rate. That would match the 5% headline rate for the Consumer Price Index in March. The headline...