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The Fed penciled in a single rate cut for 2024 and now foresees four reductions instead of three in 2025. Policymakers held the key rate steady, but their dot plot suggests it will end this year — and next — a little higher than forecast. They entered their meeting with encouraging news: US inflation slowed more than expected in May. Treasury yields fell and the S&P 500 topped 5,400 for the first time. Gold and oil advanced. The dollar weakened. Asian equity futures are up. Goldman said stock market weakness may hit later this summer as positioning in US equities reaches its limit. But BofA’s Savita Subramanian remains optimistic: “Things today are actually kind of awesome.”

BTC I like this PA we have our ltf range now clear and Mondays range formed with the low taken If we take out the range high first then ill be shorting to 64k if we take out the ltf low first then ill be intraday longing https://www.tradingview.com/x/9MTB9Fvg/

Global fund managers are flocking back to the Chinese market after a 24% rebound in the MSCI China Index from its January low, adding approximately $2 trillion to the market value of Chinese and Hong Kong stocks. While concerns about the property market, consumer sentiment, and US-China relations persist, investor optimism is fueled by the significant $2 trillion increase in market value and Beijing's efforts to revive the economy. Investors are particularly focusing on consumer-oriented sectors, with companies like PDD, H World Group, and Great Wall Motor leading the charge due to their adaptability to changing consumer preferences and successful business strategies. From BusinessTimes: https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/chinas-us2-trillion-stock-rally-lures-global-fund-holdouts-despite-risks Image taken from 2800.HK, Tracker fund of Hong Kong: https://www.trahk.com.hk/content/dam/hsvm/trahk/fund_docs/offering/TraHK_Factsheet-English.pdf

The news from NOAA comes a day after the European Union's climate change service, Copernicus, announced that Earth has now hit 12 straight months of record-high temperatures, a trend with "no sign in sight of a change." "We are living in unprecedented times. ... This string of hottest months will be remembered as comparatively cold," Carlo Buontempo, director of Copernicus, said.

It isn’t just you and your friends. No one is posting as much on social media anymore. Here’s what changed. on.wsj.com/3X9YwYc