Max (d3base.base.eth)

Bm

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🇺🇸 The FED FOMC rate cut decision will be released today at 2pm ET. The market expects a 25 bps rate cut at this meeting, so it won't impact the market much. What's even more important is Powell's speech, starting at 2:30pm ET. The job market is already cooked, and last week's CPI came lower than expected. US economic activity is also slowing due to the government shutdown. These factors are enough for Powell to be dovish, but there's more. For the first time in 2025, bank reserves at the Fed have fallen below $3 trillion. This means the Fed will consider ending its QT program. Even JP Morgan and Goldman Sachs expect the Fed QT program to end at October's FOMC meeting. This will probably be the first major risk-on signal since Q3 2019, when the Fed ended QT. I'm expecting this FOMC meeting to be more dovish, providing fuel for the next rally.

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Reality 😂

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🙄

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