Powell's 'Last Dance'~ Tonight might be his final time chairing the FOMC as Fed Chair. ⌛️ Stepping down on May 15. Tonight at 2:30 AM (UTC+8), his last press conference. What’s the market watching? - Interest rates: Expected to remain unchanged at 3.50%-3.75%. - Rate cut expectations for the year have cooled significantly (only a 20-35% chance of one cut). - Focus: His tone, wording, and what message he’ll pass on to his successor, Waller. · If hawkish → Stronger USD, pressure on risk assets. · If slightly dovish → Mildly positive. Let’s hear what he has to say tonight #FederalReserve #Powell