dailypro2020

Kashkari Says Dot Plot 'Not Helpful': 3 Global Risks Reshaping the Fed's Framework Neel Kashkari, President of the Minneapolis Federal Reserve Bank, used a visit to Seoul to deliver what may be the most direct public criticism of the Fed's own communication tool in years. "The dot plot is mostly not helpful," he told reporters. "The market's excessive fixation on the median projection creates distortions in expectations." His core argument: in an environment of extreme economic uncertainty, relying on any single point estimate is dangerous. "A data-dependent approach is the only answer," he said. In my view, this isn't just Kashkari being honest — it's a coordinated signal. The Fed has been conducting an internal review of the dot plot's usefulness since 2024, and the March 2026 FOMC minutes revealed that multiple participants expressed concern about how markets overreact to the median dot. New Fed Chair Kevin Warsh...

NYSE Hits Triple Record: AI Infrastructure Boom and US-Iran Truce Fuel Global Rally Three Indices, One Historic Day: Wall Street's Triple Record May 30, 2026 was a landmark day for global equity markets. The Dow Jones Industrial Average closed at 51,032.46 (+0.72%), the S&P 500 hit 7,580.06 (+0.22%), and the Nasdaq Composite reached 26,972.62 (+0.20%) — all three simultaneously setting all-time closing records. The S&P 500 has now risen for nine consecutive weeks, its longest winning streak since December 2023. Kim Sung-ryul, an analyst at Korea Investment & Securities, noted that this is the first time since 2021 that all three major US indices have simultaneously hit records, driven by 'broad market liquidity expansion and technology-led earnings momentum.' The simultaneous nature of the records suggests a broad-based rally rather than a narrow tech-driven one, though technology remains the primary catalyst. What's remarkable is that this rally is...