🇺🇸 Today, Jerome Powell will deliver his last FOMC press conference as Federal Reserve Chair.

Jerome Powell is set to deliver his final FOMC press conference as Federal Reserve Chair, marking a symbolic transition amid ongoing monetary policy normalization. Market focus will center on whether Powell signals a dovish pivot or maintains a hawkish stance on inflation, directly influencing rate expectations and the U.S. dollar's strength through the interest rate differential channel. The USD, particularly against major crosses like EUR/USD and USD/JPY, along with Treasury yields and rate-sensitive equities, are most exposed to any shift in forward guidance. Traders will closely parse Powell’s language on the timing of rate cuts and balance sheet policy, with particular attention to inflation trajectory and labor market resilience. The next key catalyst will be the release of the updated Summary of Economic Projections and dot plot, which could recalibrate 2024 rate cut pricing.

The US Dollar (USD) is the world's primary reserve currency and the base for most forex majors. Headlines about Federal Reserve policy, US macro data (CPI, NFP, GDP), and Treasury yield shifts typically drive USD pair direction within seconds of release.

HIGH-impact news is typically a market-moving event with multi-pip or multi-percent intraday reactions. Examples include central bank rate decisions, major CPI/NFP releases, geopolitical shocks, mega-cap earnings beats/misses, and regulatory announcements. Traders typically position-reduce or hedge ahead of scheduled HIGH-impact events, and follow the wire in real time to react to unscheduled ones (war headlines, central-bank emergency statements, surprise corporate actions). The Trading News Terminal squawk box reads every HIGH-impact headline aloud the moment it hits the wire — so active traders don't have to stare at the feed.

Active traders typically follow a three-step workflow when a market-moving headline hits the wire: (1) read the headline on the terminal or hear it on the squawk box; (2) assess whether the news is already priced in (by checking intraday price action in the seconds before) or whether it's genuinely new information; (3) act — either entering a breakout position, fading an overreaction, or tightening stops on existing trades. Trading News Terminal's Pro plan delivers wire-grade headlines within seconds of the source, with automatic audio squawk on every HIGH-impact event, so the read-assess-act cycle never waits on a refresh button.