In a policy switch, the Fed says its October 2028 meeting will not see a vote on interest rates

The Federal Reserve has announced that its October 2028 meeting will not include a vote on interest rates, a departure from the standard schedule in which every scheduled FOMC meeting carries a rate decision. The move transmits through the forward guidance channel: by removing a scheduled decision point, the central bank reduces the number of discrete moments at which the policy path can be repriced, which can compress the term structure of expected rate changes and dampen volatility around that date. Front-end Treasury yields and fed funds futures contracts maturing around late 2028 are the instruments most directly exposed, since their pricing depends on assumptions about when and whether the Committee will act. Traders should watch the Fed's next Summary of Economic Projections and the accompanying dot plot for any signal on whether this scheduling change reflects a broader shift in the reaction function or is purely procedural.

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.