Wednesday's Fed meeting at 2:00pm represents the year's most consequential monetary policy decision, with markets all but guaranteeing a traditional 25-basis-point cut with only a small chance for an aggressive 50-basis-point reduction. The decision comes after a complex data backdrop featuring disappointing employment figures but stubborn core inflation, creating a challenging environment for Fed communications and market expectations. Powell's 2:30pm press conference will be scrutinized for insights into ...