#FOMCMeeting Get Ready for Market Mayhem!

The Federal Reserve's FOMC meeting is just around the corner, and traders are bracing for impact. With the current interest rate locked at 4.25%-4.50% since December 2024, the big question is: will the Fed hold steady or signal a potential cut later this year?

Market watchers are closely tracking key data points:

- Q1 GDP contraction of 0.3% has sparked recession fears

- April jobs report showed a solid +177,000 jobs added

- Core PCE inflation rose 2.6% YoY

Gold is shining bright at $3,357.63/oz, while bond yields dip in anticipation of potential rate cuts. The S&P 500 is on pause, awaiting Powell's remarks.

What to expect:

- Powell's cautious tone, focusing on inflation and job market stability

- Potential rate cuts in July or December on the horizon

Stay alert, traders! This meeting could set the tone for the 2025 market narrative. Buckle up for a wild ride!