The Fed releases their Dot Plots, and we expect to see some major shifts in their expectations from their March meeting. The shifts are negative. In March GDP was expected to be 2.1%, we expect that to go lower as the first quarter was .3%. The Unemployment rate was 4.0%, it is currently 4.0%, it will be interesting to see if the Fed pushes this up! PCE inflation was expected to be 2.4%, the last monthly report for April was 2.7%.

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