Fed Decision Day Preview: What to Expect from Tomorrow's Rate Announcement
The Federal Open Market
Fed Decision Day Preview: What to Expect from Tomorrow's Rate Announcement The Federal Open Market Committee (FOMC) concludes its October monetary policy meeting tomorrow afternoon, with Federal Reserve Chair Jerome Powell scheduled to present the central bank's rate decision and economic outlook. Coming off the September policy shift—where the central bank implemented a 25-basis-point increase to pull the federal funds target range up to 3.75%–4.00%—all eyes on Wall Street are focused on whether policymakers will pause to evaluate data or push rates higher. Key Expectations for Tomorrow's Meeting Key Themes to Watch 1. The Tactical Pause Financial markets are overwhelmingly pricing in a rate hold at 3.75%–4.00%. According to the CME FedWatch Tool, traders place an over 90% probability on the Fed keeping borrowing costs steady today. After lifting rates in September for the first time in three years, committee members are expected to skip back-to-back increases to monitor incoming inflation and labor data. 2. Guidance for the December Meeting Because today’s meeting does not feature an updated Summary of Economic Projections (dot plot), investor focus will center on Chair Powell's tone during the press conference. Future pricing indicates a ~75% chance of another 25-basis-point hike at the December 8–9 meeting if core inflation pressures persist. 3. Key Economic Indicators in Play Inflation Pressures: Sticky prices across consumer categories (services, auto, housing) have kept policymakers cautious about calling an end to rate adjustments. Treasury Yield Movement: Bond markets are already reflecting a "higher for longer" policy stance, with 2-year Treasury yields trading around 4.73% and 10-year yields near 5.00% ahead of the announcement. #FOMCWatch #BitmineAdds10452ETH $AIN $Q $BTC
$BULLA Option 2: Retracement / Dip Buy (Lower Risk) Best if the current $0.150 level acts as temporary resistance and causes a local pull-back. Entry Zone: $0.118 – $0.125 (Support/retest level of the previous base) Stop Loss (SL): $0.104 (Below key 4-hour swing low; ~12% risk) Take Profit Targets: TP1: $0.150 (Retest of current high) TP2: $0.185 TP3: $0.220 Risk/Reward Ratio (R:R): ~1:2.5 to TP2 $DOOD $AIN
At $0.0390, IRYS is currently testing the upper boundary of our previous analysis, hovering right near recent intraday highs after a massive surge (+90% to +100% in 24 hours).
With the price pressing near $0.0390–$0.0410, chasing it right here carries high risk for a long entry due to the steep vertical move. Here is how you can adjust your execution strategy based on this live price:
📈 Updated Action Plan & Strategy
If you are looking to Buy (Long):
Patience on Pullback: Do not market-buy at the absolute top of the wick. Look for a healthy cooling-off period or retest of lower support zones around $0.0280 – $0.0320 before considering scaling in.
Breakout Alternative: If you prefer trading momentum, wait for a high-volume 1-hour or 4-hour candle close cleanly above $0.0420, using $0.0380 as a trailing stop.
If you are currently holding / in profit:
Take Partial Profits: At $0.0390, locking in 30% to 50% of your position is a disciplined way to secure gains given the extreme volatility and high funding rates on perpetual markets.
Trail Your Stop Loss: Move your stop loss up to your entry price or slightly below immediate short-term support (e.g., $0.0345) to protect capital.