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FOMC week is here, and I think the market has reached the point where the decision itself might matter less than the reaction to it.
Everyone has spent weeks watching CPI, jobs data, yields and rate probabilities. By now, traders have already built expectations around what the Fed is likely to do.
Personally, I’m looking past the headline rate call.
I want to know: What does the Fed see that the market might be missing?
If the decision comes as expected but the Fed sounds more concerned about inflation, yields could stay under pressure. If the tone is softer than expected, risk appetite could shift quickly in the other direction.
BTC will be especially interesting to watch. I want to see whether it follows the usual macro reaction or shows strength even if financial conditions remain tight.
#FOMCRateCallThisWeek $BTC
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