The Biggest Event Of This Week

On 18th June, the FOMC rate cut decision will happen.

Right now, the market is expecting a 97.5% probability of no rate cuts.

But there's something else which will be even more important than the rate cut decision.

"Powell Press conference", which will start after the rate cut decision.

Due to the Iran-Israel war situation, the market is expecting oil prices to hit $100 this year.

This will increase the risk of rising inflation and could delay rate cut decisions.

But if negotiations happen before FOMC, the Fed could hint towards ending QE and possible rate cuts.

In this case, the markets could rally, and alts could pump.

Otherwise, it'll be a dump-only event.