Big moment tomorrow at 2pm ET! ๐จ
The FED's FOMC rate cut decision is on the horizon, but the real action's in Powell's speech at 2:30pm ET .
With the job market's struggles, lower-than-expected CPI, and slowing US economic activity, a dovish tone from Powell seems likely . But here's the kicker: bank reserves at the Fed have dipped below $3 trillion for the first time in 2025, hinting at a potential end to the QT program .
JP Morgan and Goldman Sachs are calling it โ expect the QT program to wrap up at October's FOMC meeting .
If Powell delivers a dovish message, it could be the spark the market's been waiting for ๐ฅ. The next rally's fuel might just be around the corner ๐ฅ!