Fed Chair Warsh Holds First Press Conference June 18, Releases Dot Plot

Fed Chair Kevin Warsh holds his first press conference on June 18 at 3:30 AM Korean time following the FOMC meeting, the Fed announced. The Fed releases its dot plot the same day at 3:00 AM Korean time, showing anonymous rate forecasts from 19 Fed officials submitted quarterly after FOMC meetings in March, June, September, and December. The press conference occurs amid rising hawkish sentiment among Fed members, while markets assign a 98.6% probability to a June rate freeze according to CME FedWatch data from June 16.

Fed Dot Plot Tracks Quarterly Rate Forecasts from 19 Officials

The dot plot displays interest rate projections from 19 Federal Reserve officials anonymously submitted after each FOMC meeting in March, June, September, and December. Each official's forecast appears as a single point on the chart. The Fed releases the updated dot plot at 3:00 AM Korean time on June 18, 30 minutes before Warsh's press conference begins at 3:30 AM Korean time (2:30 PM Eastern Time June 17).

US Initial Jobless Claims Rose 4,000 to 229,000 in Week Ending June 6

Initial unemployment claims totaled 229,000 for the week of May 31 to June 6, an increase of 4,000 from the prior week. This marks the first such increase in four months, since the first week of February (February 1-7). Continuing claims for individuals filing for two or more weeks reached 1.795 million for May 24-30, up 24,000 from the previous week. Experts attribute the rise to temporary summer vacation and holiday effects rather than labor market deterioration.

Economic Calendar Lists June 17-18 Data Releases

The week's macroeconomic schedule includes US May retail sales data on June 17 at 9:30 PM Korean time. On June 18, the Fed announces its rate decision at 3:00 AM Korean time, releases the dot plot at 3:00 AM, and holds the FOMC press conference at 3:30 AM. US weekly initial jobless claims data releases June 18 at 9:30 PM Korean time.

FAQ

What time does Fed Chair Warsh hold his first press conference on June 18?

Fed Chair Kevin Warsh holds his first press conference on June 18 at 3:30 AM Korean time (2:30 PM Eastern Time June 17) following the FOMC meeting. The Fed releases its dot plot 30 minutes earlier at 3:00 AM Korean time the same day.

How many initial jobless claims did the US report for the week ending June 6?

Initial unemployment claims totaled 229,000 for the week of May 31 to June 6, an increase of 4,000 from the prior week. This represents the first such increase in four months since early February (February 1-7).