Mysterious trader moves $122 million ahead of Fed’s 2 p.m. decision

The Federal Reserve’s policy committee voted unanimously on September 16 to increase the federal funds target range by 25 basis points, marking its first rate hike since 2023. The central bank cited elevated inflation levels and stated the adjustment would facilitate a faster approach to its 2% inflation objective.
The rate increase placed the Fed in direct opposition to President Donald Trump, who has publicly advocated for lower borrowing costs and stated earlier in the month that the U