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...

Korean Won Hits 1,520 Against the Dollar: How High US Rates Are Crushing Asian Currencies and What It Means for Korean Exporters I've been watching the won's slide all month, and the move through 1,510 last week told me this is different from the usual volatility. the Korean won touched 1,517.6 per dollar in overnight trading on May 23 and settled at 1,517.2 for the weekly close. It has been trading above 1,500 since mid-April — six consecutive weeks above what used to be considered the outer boundary of tolerable depreciation. The last time the won was this weak for this long, the country was still digesting the aftermath of the 1997 Asian financial crisis, when the won briefly spiked to 1,960 before a $58 billion IMF bailout stabilized the currency. Nobody is seriously comparing 2026 to 1997. Korea today has $420 billion in foreign reserves, a current account surplus of roughly $60 billion, and a sovereign credit rating of AA from S&P. But the direction of travel ...