The Fed's New Dot Plot After Its June Policy Meeting

(Bloomberg) -- The Federal Reserve's so-called dot plot, which the US central bank uses to signal its outlook for the path of interest rates ... U.S.marketsopenin7hours46minutesS&PFutures3,701.25+33.00(+0.90%) DowFutures30,174.00+246.00(+0.82%) NasdaqFutures11,247.25+122.50(+1.10%) Russell2000Futures1,668.30+16.40(+0.99%) CrudeOil116.76-0.83(-0.71%) Gold1,849.40-0.50(-0.03%) Silver21.92+0.03(+0.14%) EUR/USD1.0531-0.0024(-0.23%) 10-YrBond3.30700.0000(0.00%) Vix32.95+3.33(+11.24%) GBP/USD1.2309-0.0045(-0.37%) USD/JPY133.9900+1.7500(+1.32%) BTC-USD20,874.57-1,261.04(-5.70%) CMCCrypto200442.37-32.64(-6.87%) FTSE1007,044.98-228.43(-3.14%) Nikkei22526,066.88-364.32(-1.38%) ReadfullarticleVinceGolleandSophieCaronelloJune15,2022,11:03AM(Bloomberg)--TheFederalReserve’sso-calleddotplot,whichtheUScentralbankusestosignalitsoutlookforthepathofinterestrates,showsthemedianyear-endprojectionforthefederalfundsratemovedupto3.4%.Theestimatefortheendof2023wasboostedtonear3.8%.TheFedonWednesdayraiseditsbenchmarkrateby75basispointsinanefforttotamethehottestinflationin40years.MostReadfromBloombergChinaSaysItMayHaveDetectedSignalsFromAlienCivilizationsStocksJumpasPowellSoothesWallStreet’sNerves:MarketsWrapFedHikes75BasisPoints;PowellSays75or50LikelyinJulyWorld’sCentralBanksGotItWrong,andEconomiesPaythePriceAmericansAreBuildingVacation-HomeEmpiresWithEasy-MoneyLoansMostReadfromBloombergBusinessweekSherylSandberg’sWeddingExpensesAretheLeastofFacebook’sSherylSandbergProblemsJanetYellenIsStrugglingattheTreasuryJobSheNeverWantedARagtagBandofHackersIsWagingCyberwaronPutin’sSupplyLinesABillion-DollarCryptoGamingStartupPromisedRichesandDeliveredDisasterTheFedTriedtoProtectMainStreet.NowItMayHavetoMakeEveryoneSuffer©2022BloombergL.P.1.UPDATE1-Chinalaunchesthirdaircraftcarrier2.Takeda,NintendoamongJapanesefirmsquietlycelebratingweakyen3.UPDATE1-CreditorsvoteonGarudaIndonesia's$9.4blndebtsettlement4.UPDATE1-Shanghai'seconomyshrinksagaininMaybutatslowerpace5.Analysis-Withrecordpumpprices,Bidenhard-pressedtorampupRussiasanctionsReutersFedofficialsjackuprates,inflationoutlookNewquarterlyforecastsfromU.S.centralbankofficialsreleasedonWednesdayalongsideathree-quarters-of-a-percentage-pointinterestrateincreaseshowedthemedianexpectationfortheirbenchmarkpolicyrateclimbingto3.4%bytheendof2022.Thefederalfundsrateattheendof2023isnowprojectedtobe3.8%,upfromtheMarchforecastof2.8%,whiletheyear-end2024ratewasseenat3.4%versus2.8%inMarch,reflectinganexpectationthatthecentralbankwillbecuttingratesbythattime.1dagoTheWallStreetJournalU.S.RetailSalesDeclinedinMayasInflationStingsConsumersAmericans’spendingatstores,onlineandinrestaurantsdeclined0.3%inMayasconsumersfeltthepinchfrominflation,highergasolinepricesandrisinginterestrates.1dagoBloombergBondVeteranBackedLast0.75%Hike,NowSaysFedHasMoretoGo(Bloomberg)--MatthewGelfandisabondmarketveteranwhopraisedthelast75-basis-pointincreasebytheFederalReserveinNovember1994.Thistime,hesaysthecentralbankhasawaytogo.MostReadfromBloombergChinaSaysItMayHaveDetectedSignalsFromAlienCivilizationsStocksJumpasPowellSoothesWallStreet’sNerves:MarketsWrapFedHikes75BasisPoints;PowellSays75or50LikelyinJulyWorld’sCentralBanksGotItWrong,andEconomiesPaythePriceAmericansAreBuildingVacati1dagoReutersU.S.mortgageinterestratesjumptohighestlevelsince2008Still,morehomebuyerssoughtpropertiescomparedtoaweekearlier,perhapssignallingaflurryofactivitybeforeaggressivetighteningbytheFederalReservefurtherimpactsthesector.FedpolicymakerslateronWednesdayareexpectedtoraiseinterestratesby75basispointsinordertoquellinflationrunningatamorethan40-yearhigh.2dagoBloombergOilFallsonUSFedRateHikeandSignalsofSofteningDemand(Bloomberg)--OilfellaftertheFederalReservedeliveredthebiggestrateincreaseinalmostthreedecadesandUSgovernmentreportshowedsignsofdemandslipping.MostReadfromBloombergChinaSaysItMayHaveDetectedSignalsFromAlienCivilizationsStocksJumpasPowellSoothesWallStreet’sNerves:MarketsWrapFedHikes75BasisPoints;PowellSays75or50LikelyinJulyWorld’sCentralBanksGotItWrong,andEconomiesPaythePriceAmericansAreBuildingVacation-HomeEmpiresWithEasy-M1dagoTechCrunchNarmilands$35MtolayerservicesontopofexistingbankinginfrastructureNarmiisabeneficiary.Thestartuptodaycloseda$35millionSeriesBfundingroundco-ledbyGreycroft,NEAandPicusCapital,bringingNarmi'scashraisedtodateto~$60million."Giventheworldwideshifttowarddigitalandgrowinguserexpectations,wefeltthatasolutionneededtobemadetomeetthechallengesoftomorrow,"CEOLakhanpaltoldTechCrunchinanemailinterview.2dagoBloombergNewZealandEconomySurprisinglyContractsasCovidSpread(Bloomberg)--NewZealand’seconomyunexpectedlycontractedinthefirstquarterasCovid-19ranrampantthroughthepopulationforthefirsttimeandinterestratesroseinresponsetosoaringinflation.MostReadfromBloombergChinaSaysItMayHaveDetectedSignalsFromAlienCivilizationsStocksJumpasPowellSoothesWallStreet’sNerves:MarketsWrapFedHikes75BasisPoints;PowellSays75or50LikelyinJulyWorld’sCentralBanksGotItWrong,andEconomiesPaythePriceAmericansAreBui1dagoBloombergSwissProsecutorSeesMillionsLaunderedViaCreditSuisse(Bloomberg)--Aprosecutorhasidentifiedmorethan$60millionthathebelieveswaslaunderedthroughCreditSuisseGroupAG,intheprecursortowhatwouldbejustthesecondSwisscriminalindictmenteveragainstamajorlocallender.MostReadfromBloombergChinaSaysItMayHaveDetectedSignalsFromAlienCivilizationsStocksJumpasPowellSoothesWallStreet’sNerves:MarketsWrapFedHikes75BasisPoints;PowellSays75or50LikelyinJulyWorld’sCentralBanksGotItWrong,andEconomie19hagoFortuneEthereummaximalistMarkCubansaysthecryptocrashremindshimofWarrenBuffett’sadvice:‘Whenthetidegoesout,yougettoseewhoisswimmingnaked’AccordingtobillionaireinvestorMarkCuban,companiessustainedby“cheapmoney”without“validbusinessprospects”willdisappearduringthiscryptomarketdownturn.Therealgame-changinginnovationwillshowthrough,hesays.1dagoTipRanks‘LoadUp,’SaysJimCramerAboutThese2High-YieldDividendStocksThebiggestnewsoftheweekiscomingfromtheFederalReserve.Thecentralbank’sopenmarketcommittee(FOMC),taskedwithsettinginterestratestomatchthecurrentenvironment,closeditsmeetingwiththeannouncementofa75-basispointincreaseinthebenchmarkinterestrate.Thehike,whichwastheFed’slargestsinglemovesince1994,bringstheratetotherangeof1.5%to1.75%,andshowsthatthecentralbankiscommittedtofightinginflation.Whatwillhappennowisanyone’sguess1dagoInvestor'sBusinessDailyDowJonesPlungesAsBearsAttack;TeslaStockDivesAmidThisElonMuskMove;AppleCrumblesTheDowJonesplungedasstockssufferedaFedhangover.TeslastockdivedafterElonMuskmadeamove.Applestockcrumbled.9hagoMarketWatchWallStreetisofficiallyinabearmarket:WhatstrategistssayinvestorsshoulddoHistorysuggestsstocksmayhavefurthertofallevenwiththeS&P500havingenteredabearmarket.9hagoMarketWatch‘Thestockmarketisnotgoingtozero’:Howthisindividualinvestorwith70yearsofexperienceistradingthebearmarket'Youmustlearntocontrolyourfears,'saysinvestorWarrenKaplan,whousesstockdividendstohisadvantageandstickstoadisciplinedsellstrategy.2dagoBloombergFedtoLoseMoneyNextYearasItRaisesRates,DudleySays(Bloomberg)--TheFederalReservelooksoncoursetolosemoneynextyearasitraisesshort-terminterestratestotrytoreinininflation,accordingtoformerNewYorkFedPresidentWilliamDudley.MostReadfromBloombergChinaSaysItMayHaveDetectedSignalsFromAlienCivilizationsStocksJumpasPowellSoothesWallStreet’sNerves:MarketsWrapFedHikes75BasisPoints;PowellSays75or50LikelyinJulyWorld’sCentralBanksGotItWrong,andEconomiesPaythePriceAmericansAreBuilding13hagoTipRanksOppenheimerPoundstheTableonNvidiaStockInanupbeatresearchnote,OppenheimeranalystRickSchaferlaidoutthebullcaseforbuyingNvidia(NVDA)stock--whyheratesit"outperform"andexpectsNvidiasharestonearlydoubleto$300overthenext12months.(TowatchSchafer'strackrecord,clickhere)AsSchafertellsit,Nvidia'ssoftwareandchipshavemadethecompanyessentialtothe"AIecosystem,"givingNvidiamanagement"uniquevisibilityastheydevelopproductsinlockstepwithcloudhyperscalecustomers."Thecompany'12hagoInsiderMonkey10DividendStockstoBuyAccordingtoBillionaireKenFisherInthisarticle,wediscuss10dividendstockstobuyaccordingtobillionaireKenFisher.YoucanskipourdetailedanalysisofFisherAssetManagement’sperformanceandKenFisher’sinvestmentstrategy,andgodirectlytoread5DividendStockstoBuyAccordingtoBillionaireKenFisher.KenFisher’sexpertiseintheinvestmentfieldandhis[…]16hagoYahooFinanceVideoStockmarketroutisa‘tidystory’abouttheFed:AnalystRossMayfield,BairdInvestmentStrategyAnalyst,andJackMurphy,EasterlyInvestmentPartnersPortfolioManager&Co-CIO,joinYahooFinanceLivetodiscussrecessionrisksamidrisinginflationandtheFed's75basispointinterestratehike,marketreactionstorecenteconomicdata,andtheoutlookonamarketbottom.9hagoMotleyFoolWhyMeta,Amazon,andAppleAreFallingTodaySharesofMetaPlatforms(NASDAQ:META),Amazon(NASDAQ:AMZN),andApple(NASDAQ:AAPL) wereallplummetingthismorningfollowingtheFederalReserve'sdecisiontoraisethefederalfundsrateby75basispointsyesterday.Thetech-heavyNasdaqCompositefell3.7%thismorning,andthetechgiantsfollowedsuit,withMetalosing4.8%,Amazondown4.2%,andApplefalling3.5%.13hagoYahooFinanceWhybeaten-downtechstockscouldleadthenextrallyHigh-flyingtechstockshavebeensomeofthebiggestlosersamidthisbearmarketslide,butthesenamesmightbeleadersinthenextrally.14hagoInsiderMonkey10MostShortedStockstoWatchinJuneInthisarticle,wediscussthe10mostshortedstockstowatchinJune.Ifyouwanttoskipouranalysisofthesestocks,godirectlytothe5MostShortedStockstoWatchinJune.Reportsindicatethatshort-sellersareincreasingtheirbetsontheSPDRS&P500Exchange-TradedFundTrustatthequickest[…]16hagoMoreStories