Keep an eye out! This year's finale—the Federal Reserve interest rate decision—will make a grand entrance at 3 AM on the 19th (which is the night of the 18th, Wednesday)!

The market generally bets on a high probability of a 25 basis point rate cut. A larger cut would be a huge surprise, while a smaller cut or no cut at all could change the situation dramatically. If there is indeed a 25 basis point cut, don't blink; Powell's speech at 3:30 is the key moment. The warning for volatility 'jumping up and down' has already sounded, so let’s wait for the grand show to begin!