The Federal Reserve will announce its first interest rate decision for 2026 tonight at 3:00!
On one hand, the Federal Reserve pretends to hold a meeting, and the market predicts that there will be no interest rate hike; on the other hand, just a casual comment from Powell can send global stock markets, currency markets, gold, and Bitcoin on a roller coaster ride.
However, the dollar has fallen drastically, and gold has skyrocketed. Some believe the dollar is failing, while others claim this is a deliberate move to inject liquidity. Trump is even more extreme, saying that the depreciation of the dollar doesn't matter while threatening to fire the Federal Reserve Chairman to push for rate cuts, clearly intending to oppose the current administration.
Tonight, whether to continue playing dead or to crash will depend on what Powell has to say.