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Avery Amstutz, a Memphis, Tennessee-based serial entrepreneur, started building mobile cafe Byway Coffee knowing “absolutely nothing about coffee,” she says.

Speaking on Fox News:

• Fed has plenty of room to cut rates.
• Probably will need to do some more.
• Data could support 50 basis point cut
• You could definitely get to 50 or even more.
• The president will make his decision on Fed chair in a week or so.
• He is honored to be a candidate for the role.

Yesterday, Hassett struck a more Powell-like tone, emphasizing that monetary policy remains data dependent. By contrast, Fed Governor Miran and Treasury Secretary Bessent have leaned more openly toward pre-emptive rate cuts, arguing that slower growth and rising labor-market risks in the first quarter warrant earlier action. Both Miran and Bessent have also expressed confidence that inflation will decline sharply in 2026, reinforcing their case for easing sooner rather than later – and not so data dependent NOW.

Unfortunately, the key economic data—including employment and inflation—won’t be released until next week, leaving the market without the confirmation it needs. Those reports could easily swing expectations in either direction, especially if inflation comes in hotter or the labor market proves stronger than anticipated.

Meanwhile, the race for the next Fed Chair is accelerating. Kevin Hassett remains a leading contender for the role that opens in 2026, and President Trump is now interviewing finalists. Reports indicate that Kevin Warsh received the first interview, signaling he may be gaining traction.

Prediction markets reflect the shifting momentum. On Polymarket, Hassett’s odds have fallen from 88% last week to about 70%, while Warsh has climbed to 14%, and Fed Governor Christopher Waller has inched up to around 6%.

This article was written by Greg Michalowski at investinglive.com.

Switzerland agreed to reduce tariffs on imports from the United States of fish, seafood, and some agricultural products under a trade deal announced last month.

Overview

The Federal Reserve will release its rate decision at 2:00 PM ET, with markets broadly expecting a 25-basis-point cut. While a cut is anticipated, the real market-moving impact will come from the wording of the statement and Chair Powell’s press conference, which traders will analyze as a proxy for the stance of the full voting committee.

Expectations are firmly centered on a hawkish cut, meaning the Fed may reduce rates while signaling a cautious stance, emphasizing data dependency rather than a full easing cycle.

Market Pricing and Rate Expectations

Rate-pricing dynamics reflect uncertainty about how aggressively the Fed will ease:

• January meeting: Only 23% probability of another cut

• March meeting: 43% probability

• June meeting: Pricing jumps to 76%, suggesting markets expect stronger political pressure or clearer economic deterioration by then

By mid-year, the Fed will also have a new Chair, and markets anticipate the potential for political pressure from President Trump to steer the bias toward additional cuts. How this evolves remains uncertain, but traders will parse Powell’s tone for clues.

What to Watch in the Statement & Press Conference

Clarity will come from how Powell characterizes:

• The current inflation trajectory

• The tightness or loosening of labor markets

• Whether this cut is viewed as insurance or the continuation of the cycle

• How the Fed plans to respond to data arriving after the recent government-data delays

Over the next few weeks, key employment and inflation releases will help confirm or challenge the Fed’s evolving stance.

Technical Roadmap for Major Currency Pairs

As always on major Fed days, each currency pair has its own technical “story.” In the video above, I break down four major FX pairs — EURUSD, USDJPY, GBPUSD, and USDCAD — highlighting the bias, key targets, and specific risk levels for both dovish and hawkish outcomes.

Understanding both sides of the roadmap is essential:

• If the tone is more dovish: What levels open the door for the move lower in the USD

• If the tone is more hawkish: What are the levels in the upside for the USD.

• Where is the technical line in the sand for each pair?

These levels frame the battle lines for traders heading into the event.

Why a Roadmap Matters

High-impact events like the FOMC bring uncertainty, volatility, and often false starts. Having clear directional levels in both directions helps traders:

• Stay grounded in a plan

• Manage risk more effectively

• Avoid emotional trading

• React with confidence rather than guessing

Today’s announcement—and Powell’s tone—will set the stage for the next phase of market direction across currencies.

Be aware. Be prepared should be the motto for all traders. The video above, will allow traders to do just that.

This article was written by Greg Michalowski at investinglive.com.

West Texas Intermediate (WTI) Crude Oil steadies on Wednesday, trimming part of its earlier losses as traders react to the latest US Energy Information Administration (EIA) report. At the time of writing, WTI is trading around $58.00, rebounding after hitting an intraday low of $57.54.

The Pound Sterling (GBP) advances during the North American session on Wednesday as the US Dollar (USD) weakens on the expectation that the Federal Reserve (Fed) will cut rates later in the day. At the time of writing, GBP/USD trades at 1.3336 after bouncing off daily lows of 1.3296. Read More…

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