The focus today is on the 3:00 PM Eastern Time Fed decision, with a 99% likelihood of no rate cut and limited market impact. However, what will truly affect the market is Powell’s press conference from 3:30 to 4:15. Amid Trump's strong push for rate cuts—going so far as to sue the Fed—Powell, nearing the end of his term in May, is more likely to maintain a hawkish stance. Caution is advised.
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