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...

$924.4 billion in exports. A $219 billion trade surplus. Semiconductor shipments doubling to $350 billion. The numbers coming out of South Korea in May 2026 would be extraordinary for any economy. For a country of 52 million people, they border on absurd. On May 26, the Korea Institute for Industrial Economics and Trade (KIET) released its second-half 2026 economic and industrial outlook, and the headline figures demanded attention. Korea's GDP growth forecast was raised from 1.9% to 2.5%, a 0.6 percentage point upgrade that the Korea Development Institute (KDI) independently confirmed on the same day. Annual exports are projected to hit $924.4 billion — up 30.3% from 2025 — crossing the $900 billion threshold for the first time and positioning Korea as the world's fourth-largest exporter. The annual trade surplus is expected to reach $219 billion, a 182.9% surge from 2025's $77.4 billion. I think the OECD's composite leading indicator for Korea hit 102.50 in April ...