WTI crude oil rose 3.00% to $71.80/barrel, while Brent crude oil rose 2.78% to $75.75/barrel.

Federal Reserve Chairperson Jerome Powell: No one has much confidence in the forecast of the path of interest rates to provide a reasonable justification for any path in the forecast.

Federal Reserve Chairperson Jerome Powell: The Federal Reserve will work to prevent one-off inflation from becoming entrenched.

Federal Reserve Chairperson Jerome Powell: The framework review will be completed by the end of this summer, at which time it will consider whether to adjust its communication strategy.

Federal Reserve Chairperson Jerome Powell: There is uncertainty in the forecasts of FOMC policymakers, and this uncertainty is unusually high.

Michael James, a trader at Rosenblatt Securities, said: 'I don't think there are many surprises in what the Fed has released this time. The Fed raised its inflation forecast, apparently out of a conservative consideration of the likely impact of tariffs, while slightly lowering its economic growth forecast. These adjustments were to some extent expected by the market and did not really bring about a change of direction. The key now is the details, which will be reflected in Chairperson Powell's ...

The fiscal outlook for the United States remains challenging in the absence of major spending reforms, Fitch said. According to its baseline forecast, the general government fiscal deficit in the United States will fall to 7.1 percent of GDP by 2025 from nearly 8 percent in 2024, Fitch said. However, the total government deficit will rise to 7.6 percent of GDP by 2026. Fitch said: "We expect the fiscal deficit to remain high in the coming years, as we expect to see a significant increase in the ...

Federal Reserve Chairperson Jerome Powell: The impact of tariffs will depend on their level, and this year's tariff increases could weigh on economic activity and drive up inflation.

Federal Reserve Chairperson Jerome Powell: The economy is in a healthy state.

Federal Reserve Chairperson Jerome Powell: Inflation has been slightly above target.

The Federal Reserve has taken a widely expected "wait and see" approach to interest rates as uncertainty around tariffs persists and the U.S. labor market remains strong, according to analyst Matthias Scheiber. From our perspective, the next possible window for the Fed to cut rates will be September. We expect the Fed to cut rates twice this year if inflation continues to fall to its 2.0% target. "We expect stock market performance to continue to be volatile,...

In the June dot plot, Fed officials lowered their expectations for the number of rate cuts by the end of 2027. Even so, with the release of the dot plot, the yield on the two-year Treasury note, which follows the Fed's policy expectations, fell slightly. Traders may be reacting to Fed officials' forecasts for slower economic growth, compared with March estimates. The Fed now expects growth of 1.4 per cent this year and 1.6 per cent next year, compared with March forecasts of 1.7 per cent and 1.8...

With the dot plot largely unchanged, the Treasury market is likely to appear relatively constrained, at least until Powell speaks, market analysts said. We don't think the economic forecasts themselves are dovish, but only in comparison to most expectations. That's in line with our expectations, at least at this meeting.