The rest of this week will remain busy on the economic calendar, tomorrow especially as we’re getting two major US items on the same day. First, we’ll get the most recent CPI data at 8:30 AM, and that’s been a big market mover of late. And then at 2PM ET, we’ll hear from the Federal Reserve for a quarterly rate decision, where the bank will also supply updated projections and guidance. At the last quarterly rate decision in March, the Fed maintained their expectation for three cuts in 2024. Given the calendar, that now seems a distant possibility as there’s only four rate decisions left this year after tomorrow’s ... (full story)