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  • 📊 FOMC Frenzy: Will Powell Hit the Gas or the Brakes? 🚗💸

📊 FOMC Frenzy: Will Powell Hit the Gas or the Brakes? 🚗💸

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Listen up traders, this is what we have in store:

NEWS
The FOMC Meeting: Where Your Financial Future Gets Decided... Over Coffee

Ah yes, the much-anticipated Federal Open Market Committee (FOMC) meeting, that thrilling bi-monthly event where a group of highly caffeinated economists gather to decide if we should all be panicking or just mildly concerned. If you’ve never heard of the FOMC meeting, let me explain: it’s like the Oscars for people who get excited about interest rates. But instead of red carpets and celebrities, you get Jerome Powell in a suit that probably costs more than your car, discussing inflation with all the excitement of a PBS special.

For futures traders, this meeting is the Super Bowl—except you have no idea which team will win, or if you're even watching the right sport. One minute the market’s up, the next it’s down, and somewhere in between, you’re refreshing your portfolio like it’s Tinder on a Friday night.

So, what’s the big deal this time? Well, rumors are swirling that Powell and his merry band of economic wizards might actually hit the brakes on rate hikes. Or maybe they’ll floor the gas. Or perhaps they’ll just look at each other and shrug because, let’s be honest, no one really knows. Not even them. But hey, confidence is key, right?

Traders Be Like:

Futures traders are already breaking out in cold sweats, watching the CME FedWatch tool like it’s a suspense thriller. Will they raise rates? Will they pause? Will Powell finally acknowledge that crypto exists? It’s anyone’s guess, but one thing’s for sure: volatility is about to skyrocket like GameStop stock circa 2021.

Now, if you're a day trader, you’re probably planning to ride these FOMC-induced waves like a wannabe surfer who just bought a board on Craigslist. Some might call that reckless. Others call it “an opportunity.” Either way, good luck.

What It Means for the Market:

For the rest of us, the FOMC meeting could mean everything or nothing at all. If rates go up, mortgage applications might spike as everyone rushes to lock in the “cheaper” interest rates—which, at this point, is like rushing to buy the last avocado at Whole Foods because it’s only $3.99 instead of $4.59.

If rates stay put, expect some cautious optimism from the markets. Or maybe they’ll tank anyway, because apparently, the stock market is powered by hopes, dreams, and a lingering sense of dread.

In summary, the upcoming FOMC meeting promises to be as unpredictable as ever. Futures traders will likely experience the full spectrum of human emotions in a single trading session, while the rest of us cling to the hope that someone in the room knows what they’re doing. So grab your popcorn—or maybe a strong drink—and tune in. Who knows? This might just be the financial circus we didn’t know we needed.

EVENTS
Important Data Events - Week 38

🟠 = less important

🔴 = more important

Monday, September 16

8:30a EST

🟠Empire State Manufacturing Index

Tuesday, September 17

5a EST

8:30a EST

🟠German ZEW Economic Sentiment

🔴Retail Sales

Wednesday, September 18

2a EST

8:30a EST

10:30a EST

2p EST

2:30p EST

6:45p EST

9:30p EST

🔴CPI (GBP)

🟠Building Permits

🟠Crude Oil Inventories

🔴Federal Funds Rate

🔴FOMC Statement

🔴GDP (NZD)

🔴Unemployment Rate

Thursday, September 19

7a EST

8:30a EST

10a EST

9p EST

🔴Monetary Policy Summary (GBP)

🔴Unemployment Claims

🟠Existing Home Sales

🟠1&5 y Loan Prime Rate (CNY)

Friday, September 20

2a EST

8:15a EST

8:30a EST

11a EST

2p EST

🔴 Retail Sales (GBP)

🔴 BOC Gov Macklem Speaks

🔴Retail Sales (CAD)

🟠ECB President Lagarde Speaks

🟠FOMC Member Harker Speaks

WEEKLY TRADING LEVELS
FUTURES INDICIES

Enjoy this list of levels that have been curated for you! These levels are some major support and resistance levels that have been identified as areas of interest.

Use them to guide your charting, happy trading! ☘️

ES

5720

5668

5558

5522

5438

5327

NQ

19848

19694

19577

19397

19286

19185

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Thank you for tuning in! Feel free to refer your friends if you enjoyed the publication.

Peace out, happy trading! 😝

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