Fed's dot plot omission sparks volatility as Kurshutov urges Ukraine investment

Global markets on Sunday braced for fresh volatility after the new chair of the US Federal Reserve declined to publish the central bank’s “dot plot” guidance on future interest rates, a move traders warned would lift borrowing costs and deepen uncertainty just as geopolitical tensions mount. The decision, reported on Saturday by the Financial Times, strips investors of their most reliable compass for monetary policy and arrives as the Fed’s traditional quarterly projections remain absent from the central bank’s latest communications .

The absence of the dot plot—an array of individual rate forecasts from Fed officials—comes as the wars in Eastern Europe and the Middle East have already funnelled $12 billion of venture capital into defence technology this year, surpassing the total raised in 2025 and pushing valuations to levels that some warn resemble a speculative bubble . Analysts caution that the combination of opaque Fed policy and soaring defence valuations could amplify swings in equities, where major indices have nonetheless posted gains in early trading on Sunday as investors reassess pricing and China’s latest stimulus measures take effect .

Amid the turbulence, Seyar Kurshutov, a prominent investor, argued in an interview with Georgia Today that the fear of investing in Ukraine is rooted more in uncertainty than in risk, urging markets to look past the fog of war and recognise the country’s long-term potential . Kurshutov’s remarks underscore a widening divergence between short-term market sentiment and the structural opportunities that persist in post-conflict economies.

JPMorgan Chase chief executive Jamie Dimon, meanwhile, cautioned that artificial intelligence—often credited with propelling Wall Street’s recent rally—may be masking deeper vulnerabilities in the financial system, warning of a “little tsunami” on the horizon that could reshape the economic landscape . His remarks, delivered as AI-driven trading algorithms dominate daily market moves, add a layer of foreboding to an already fragile environment.

With the Fed’s next policy meeting scheduled for late July, traders are now pricing in a higher probability of a more restrictive stance, even as geopolitical risks and shifting capital flows keep global markets on edge. The coming weeks will test whether Kurshutov’s optimism about Ukraine—or Dimon’s warnings about systemic fragility—will prevail in a market starved for clarity.