How to Prepare for and Trade an FOMC Rate Decision

Trading an FOMC rate decision is about far more than guessing whether the Federal Reserve will hike, cut or hold rates.
In this video, Giles breaks down a practical framework for preparing for a major Fed decision — starting with what markets have already priced in, then identifying the economic projections and dot-plot changes that could create a genuine hawkish or dovish surprise.
The session explores how to interpret the Summary of Economic Projections, how changes in inflation, growth and interest-rate forecasts can affect market expectations, and how those scenarios can translate into opportunities across the US dollar, EUR/USD, gold and equities.
You’ll also see how macro expectations can be combined with technical structure to build an actual trade plan, including identifying breakout levels, managing risk and avoiding premature entries ahead of the announcement.
The key lesson is simple: rather than trying to predict the exact outcome, prepare for multiple scenarios in advance and understand how markets are likely to react if expectations are surprised.
In this video:
• How to read the Fed’s Summary of Economic Projections
• Why market pricing matters before an FOMC decision
• How to define hawkish and dovish surprises
• Using the dot plot to assess the future rate path
• Translating Fed scenarios into EUR/USD trades
• Why gold can react differently to the expected macro signal
• Combining fundamental catalysts with technical setups
• Managing risk around high-volatility central-bank events
This video uses a historical FOMC meeting as a practical case study. Any prices, forecasts, projections or market expectations discussed relate to the original recording and should not be interpreted as current market levels.