The final day of this month brings the FOMC’s Policy Statement (18:00 GMT release): were the Fed to react to the steeply falling Econ Baro, they’d cut; rather to the “oblivious” GDP, they’ll stand pat. At present we’ve the Metals Triumvirate, Oil and Spoo (+1.2%) all above their respective Neutral Zones for today; none of the other BEGOS Markets are below same, and volatility is firmly moderate. Looking at Market Rhythms for swing consistency, leading the 10-test basis is the Yen’s (not yet officially a BEGOS component) 2hr MACD; on a 24-test basis ’tis instead the Euro’s 2hr MACD. For the Econ Baro ahead of the Fed are July’s ADP Employment and Chi PMI, June’s Pending Home Sales, and Q2’s Employment Cost Index.