A notable prediction is making waves in financial circles. Mark Cabana, who previously managed repo operations at the New York Fed, believes Powell is set to unveil a significant move this Wednesday.

His forecast? An announcement of $45 billion in Treasury Bill purchases. This isn't just random speculation—Cabana's background gives his predictions serious weight in monetary policy discussions.

The timing matters. Such purchases could signal the Fed's stance on liquidity management and broader market conditions. For crypto traders watching traditional finance indicators, this kind of Treasury operation often ripples through risk asset markets.

Whether Cabana's prediction materializes remains to be seen, but the market is certainly paying attention to potential shifts in Fed policy.