The June Federal Reserve meeting is the most important event of the month. Central bank rate decisions are always significant but updated economic projections and dot plot forecasts will also be released. Fed Chairman Powell will hold a press conference where reporters will undoubtedly pressure him for details about his recent comments. Earlier this month, Powell said the economy is growing but given trade developments, they will “act as appropriate to sustain expansion.” While he never used the words “rate cut,” investors rushed to price in easing. Fed fund futures are calling for a 95% chance of a quarter point cut ... (full story)