Stay tuned! The Federal Reserve's interest rate decision for the year-end is coming on the 19th at 3 AM (night of the 18th, Wednesday)!
The market is betting on a high probability of a 25 basis point cut; a larger cut would be a huge surprise, while a smaller cut or no cut could change the narrative. If there really is a 25 basis point cut, don't look away, as Powell's speech at 3:30 is the main event, with volatility expected to 'jump up and down.' Let's wait for the show to begin!