As the Federal Open Market Committee (FOMC) prepares for its rate decision, traders are placing bets on the potential departure of Federal Reserve Chair Jerome Powell.

The Federal Open Market Committee (FOMC) faces internal divisions regarding future interest rate cuts, with some members expected to support dovish positions while others will resist.

The US dollar has rallied due to strong US economic data and hawkish minutes from the Federal Open Market Committee (FOMC) meeting.