Today’s FOMC could spark major volatility
At 2PM UTC, the Fed will release its rate decision — no cuts are expected, and markets have priced that in.
But the key moment comes 30 minutes later, during Powell’s press conference.
Since the last meeting:
– Inflation has cooled
– GDP turned negative
This could push Powell to sound more dovish, which would be bullish for risk assets.
There’s also speculation the Fed may end QT (quantitative tightening) — a major shift after two years.