HUGE DAY TODAY 🚨



PPI data at 8:30 AM ET comes in with expectations at 2.9% and 3.7% core

FOMC at 2:00 PM ET

And it is largely priced in with no rate change expected, so impact there should be limited

Focus shifts to Powell at 2:30 PM ET.

With geopolitical tensions adding pressure to near-term inflation outlook, his stance becomes key

A firm tone could weigh on risk assets, while a more measured view may support upside.

#FedRateDecision
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