G7 Italia 2024 starts today in Borgo Egnazia Apulia
FED hesitant, slightly hawkish FOMC meeting, less convinced about the path ahead >>> IMHO, anything goes, FED is data watching, could go either way, they expect 1 cut in 2024 but added one in 2025 in the dots, ''the economy is still strong'' was mentioned a few times #highfrolonger which probably means if/when something really changes they maybe quicker to act >>>> markets, UST yields and USD dipped on CPI and came back into end of FOMC close, yet equity markets, mega caps really continued higher, NASDAQ leading higher
Only eight of the 19 FOMC participants expected two cuts this year. In contrast, Chair Powell downplayed the dot plot in his press conference, ''noting that most FOMC participants did not react to this morning’s CPI data'' He emphasized that the 2024 rate projections were a “close call.”
Breakdown of what the 19 FOMC participants saw for 2024: 4 went for no cut, 7 went for one cut and 8 voted for two cuts >>> ''hawkish dot plots''
U.S CPI : was 1st time since October report that the core monthly CPI undershot median forecast, and 1st time since Sep 2021 that super-core inflation showed a monthly decline >>> most elements of it all had a slight dovish tilt
France's Macron defends decision on snap legislative elections, urges voters to defeat far-right, going to get wilder, ALL about alliances within the -3- sides
Air France–KLM tops world chart of sustainable aviation fuel usage
Rheinmetall opens repair facility for combat vehicles in Ukraine
Enormous deposit of rare earth elements discovered in heart of ancient Norwegian volcano
Buenos Aires rocked by clashes over Milei reforms
UK's Labour to close tax loophole for thousands of private equity investors
US expands Russia sanctions, targets chips sent via China
Swiss parliament rejects European climate ruling
IEA projects 8 million barrel per day oil surplus by 2030 >>> this is big
France's Macron defends decision on snap legislative elections, urges voters to defeat far-right (msn.com)
The elections is turning into a series of spectacular train-wrecks on the French Right. Republican implosion the other day, now Zemmour's far right party came unstuck
this IS HUGE
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