MORNING MINUTE JUNE 15th

Morning everyone. Darren at Leviathan Financial. So the Fed kept rates unchanged as expected yesterday after 10 consecutive hikes. , after all inflation has been moderating. But as Chairman Powell said, in the q and a afterwards, the fight against inflation has been disappointingly slow. And so fed officials now expect, that there are two more hikes in the offing, uh, before they have to turn around and probably start cutting again.
So the upside target is looking closer to the, uh, five and a half and five and three quarter range. Uh, that was a little bit more than the market expected. So, uh, we consequently came off. But as you can see there, the S&P coming in. Uh, and will be the bull market currently is still intact. Uh, coming up though, we also will have the ECB, uh, which are almost guaranteed to continue their hiking cycle, followed by the Bank of England Next week, , today we have retail sales, which will indicate how strong the US consumer, , is currently, and that.
They have continued to be very resilient. But we will see, , on that a bunch of other small numbers out today. , but yes, inflation numbers will be the thing to watch and will be the driver for any future upside in the stock market that seems to have, , no problem with continuing its upside with no cares in the world whatsoever.
Anyway, good luck everyone. , trading and have a great day