CPI and FOMC on the agenda.

It's gearing up to big a big day in the market, as rather unusually, CPI and a FED interest rate decision are on the same day.

It's been suggested the FED needs to see consistent prints of 0.2 or less month on month, before committing to a September rate cut.

It's a Shame the FOMC follows on the same day, as it may prove difficult to form a conviction in a trade before it'll have to be taken off before the rate decision.

Regarding the FOMC, the 'dot plot' will be the talking point. At the last meeting, the FED predicted three cuts by the end of the year, the market has already priced out that scenario, it's just a question of whether it's two cuts, one or none?

I wouldn't like to predict the outcome of today's events, it would just be nice if the both aligned with each other: 'dovish CPI and dovish FOMC' or vice versa.

For now, it's a case of wait and see.

Feel free to email any questions: johnelfedforexblog@gmail.com