This week's Super Central Bank Week is all about tonight's Fed meeting and Friday's BOJ meeting. To put it simply: The Fed is very likely not cutting rates, The BOJ is very likely not hiking rates. Key points for the Fed's meeting: Will they still maintain their promise to the market about rate cut expectations? Especially considering the backdrop of rising oil prices due to the Iran situation—how will Fed officials view and forecast inflation moving forward? Powell's statements at the press conference will have short-term impact, but over a longer horizon, what's more important is how Waller will respond during the Congressional hearing for his Fed Chair nomination (though the timing is still uncertain).