A pretty explosive piece of news came out over the weekend - it says Powell is going to directly announce his resignation at an emergency meeting at 7 PM on Monday? Once this rumor spread, many people are watching how the Fed will proceed next.

However, looking at the data from the on-chain prediction platform, the odds for "Powell stepping down this year" is only 3%, which basically means the market does not believe this at all. After all, the position of the Fed Chair is not something that can just be walked away from, especially since we are currently at a critical juncture in the rate-cutting cycle.

Rumors are just rumors; if there were any real developments, they would have been officially announced long ago. Everyone should keep an eye on the actual actions next week; it's best to take these small rumors with a grain of salt.