new Dot Plot

The dot plot produced by the Federal Reserve has gained immense attention and scrutiny in global financial markets. Since January 2012, the Fed has periodically updated this scatter chart, making it the unofficial forecast of the US central bank's monetary policy, whether intended or not. Additionally, it serves as a valuable source of insights into dissent within the Fed's policy-making committee, despite its cryptic nature and the challenges associated with interpreting it accurately.

Key events:         Australia – Retail Sales (MoM) (Jan)   Canada – GDP (MoM) (Dec)    Canada – CB Consumer Confidence (Feb) Monday saw some relief in the market after Friday's correction caused by the Core PCE. The reaction to the report can be called comprehensive, there was another significant revaluation of the Fed rate trajectory in all asset classes, and speculative momentum was definitely involved, which shifted the balance somewhat towards short-term oversold, which was corrected by the market.