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Real-time News
Russian Ministry of Defense: Russian air defense systems intercepted and destroyed 44 Ukrainian drones over multiple locations in Russia.On June 17th, the Beijing Municipal Bureau of Economy and Information Technology issued the "Several Measures of Beijing Municipality on Supporting Industrial Enterprises to Improve Quality and Efficiency," which proposes to promote the market promotion capabilities of exhibition platforms. The measures aim to fully leverage the stimulating effects of various conferences and exhibitions in Beijing in promoting consumption, investment, industry, and facilitating trade. Key exhibitions will be encouraged to set up special zones for Beijing-made intelligent products, such as smart devices, high-end chips, smart wearable devices, and intelligent connected vehicles, to strengthen scenario demonstrations and promotion. Enterprises are encouraged to utilize various exhibition platforms to conduct market promotion activities such as new product displays, technology promotion, supply and demand matching, and order negotiations, continuously enhancing the brand influence of Beijing industrial products.1. UBS: The Fed is expected to raise its inflation forecast, with most members believing that rate cuts are not advisable before 2028. The mid-range dot plot may show one rate cut in 2028, but the policy stance will remain tight. 2. Goldman Sachs: Warsh may not submit his personal dot plot forecast. The mid-range dot plot is expected to show interest rates unchanged in 2026, with the final forecast still showing one rate cut each in 2027 and 2028. The 2026 economic forecast may show a slight decrease in GDP growth and unemployment, and a significant upward revision in inflation. 3. Barclays: The latest dot plot may reflect higher inflation expectations and a more cautious policy stance, namely, keeping interest rates unchanged throughout 2026, only one rate cut in 2027, and remaining on hold in 2028. 4. Jefferies: Warsh clearly stated at his Senate hearing that he disagreed with forward guidance. This will be the biggest change, specifically manifested in a shorter FOMC statement and fewer details on the SEP. 5. Capital Economics: It is expected that Warsh will not present his own interest rate forecasts, but he will still be asked about his views at the press conference. 6. JPMorgan Chase: It is expected that Warsh will submit his personal forecasts; otherwise, it would appear as if he were expressing a strong dissent against the committee he leads. 7. TD Securities: It is expected that Warsh will not submit his personal dot plot forecasts as a strategic move to minimize the hawkish signals that the June dot plot might release. 8. Bank of America: It is expected that Warsh will not submit his personal forecasts, as he does not believe in forward guidance. Economic growth forecasts may be lowered to 2.1%, inflation will be significantly revised upward, and unemployment rate forecasts may be slightly lowered or remain unchanged. 9. Rabobank: It is expected that the risks are skewed towards more stubborn inflation, fewer rate cuts, or even rate hikes, rather than a rapid improvement. Optimistic expectations have failed to materialize. 10. Nordea: It is expected that the dot plot will no longer include the rate cut scenario anticipated in March, and there may even be some calls for rate hikes. 11. Bank of New York Mellon: Expects a slightly hawkish adjustment to the dot plot, with the median forecast likely to remove the previous prediction of one rate cut before the end of 2026. 12. Pacific Investment Management Company (PIMCO): Expects a significant hawkish shift to the dot plot. Several rate hikes are projected for 2026, but the median still indicates no change.June 17th - Despite investor skepticism regarding the Federal Reserves decision to maintain the target range for the federal funds rate at 3.50%–3.75%, Mabrouk Chetouane, an analyst at Natixis, noted in a report that this monetary policy meeting remains one of the most important this year. "Kevin Warshs first meeting as FOMC Chairman since taking office will present a formidable challenge," said the global head of market strategy. He pointed out that the new Fed chairman will not only need to assess the economic situation but may also push for change, particularly in central bank communication strategies. "His first move and initial statements will be closely watched, as transition periods in the worlds most influential monetary institution typically put pressure on capital markets."Australian Prime Minister Albanese: We are working to ensure Australias fuel supply. Today I met with Shells Global Chairman to discuss how to help the industry buy more fuel and ensure more fuel flows into Australia.
