Fed Meeting Starts today

Market Overview

Year To Date Performances:

1. Today, Fed officials are starting their June meeting, where they'll tackle issues like high inflation, banking sector pressures, a strong labour market, and a robust economy. In the past 14 months, the Fed has raised rates ten times in a row, amounting to a 5% increase. However, interest rate traders predict a pause in rate hikes this week, breaking the streak. Yet, they also anticipate another 0.25% rate increase at the July meeting, suggesting that tightening isn't finished.

2. During the recent surge in stock prices, corporations have been selling their own shares. Over $24 billion worth of stocks have been sold since April in follow-on sales, with $17 billion of that happening in May alone. For comparison, the monthly average for these sales was only $6.9 billion in 2022.

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4. Headlines

   1. Tesla is poised to earn an extra $3 billion by 2030 through agreements with General Motors and Ford, which let their electric vehicles use Tesla's charging network.

   2. The White House has confirmed the US has proven intelligence that China has been operating a spy base out of Cuba since 2019 (or earlier).

5. Interesting Visual

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