The Quiet Period

Finally and at long last, the June FOMC is pending for next week. Why is this so exciting? Is it the pending fifty basis point rate hike? Nope. Is it another Powell presser? Nope. What’s so great is that this week starts the pre-meeting “quiet period”…which means there will be no sudden or scheduled Fed Goon interviews! What a nice break!!

And there’s really not much else going on, either. Just a smattering of mostly-insignificant economic data until Friday when we get the latest update on the US Consumer Price Index….

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