Episode 38 and the Middle East just got even hotter! (As if it needed the temp boost). TIME FOR MARKET STUFF…since the market is closed tomorrow for Juneteenth which makes me a saaaaaaad panda.
Fed Holds Rates, World Holds its Breath
June 18 QFR:
The Federal Reserve held the federal funds rate steady at 5.25–5.50% for the fourth consecutive meeting
US State Depart. started evacuating nonessential diplomats and dependents from the embassy in Israel & Trump sends the 6th Fleet to the Persian Gulf.
The "go-broke" dates for Medicare and Social Security trust funds have been moved up.
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