Overview
- Traders fully price a 25-basis-point move for Sept. 17, with futures implying additional cuts into 2026 and high sensitivity to the dot plot.
- Global equities hover near records, the dollar softens to multi‑month lows, and spot gold hits fresh all‑time highs near $3,690 on easing bets.
- Bitcoin holds near $115,000 in a tight range below $116,000, supported by spot ETF inflows and on‑chain accumulation after a sharp drop in exchange volumes.
- Strategists warn of event‑driven volatility and possible sell‑the‑news reactions if the outcome and tone match expectations.
- Political crosscurrents add communication risk, with Stephen Miran narrowly confirmed to the Fed board and an appeals court keeping Governor Lisa Cook in place.