Is there no suspense left about the Fed holding steady? After surviving the FOMC, the market may face a second test.
BlockBeats news, October 28 - The Federal Reserve's decision, press conference, and key GDP and PCE data are set to bombard the market in a single day. Currently, 'no rate hike' is fully priced in, and the real turning point lies in whether the suspense of a December rate hike will be revisited, and whether the macroeconomic data 18 hours later can justify itself.
Trading in the early hours belongs to 'policy statements', while the evening showdown returns to 'economic reality'.
The pause is fully priced in, with the December rate hike suspense taking center stage
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