The Fed-decision desk: the full US rates sheet leads, central-bank speeches + the regulatory wire left over the calendar, the chart under the hero, and the Treasury curve (curve spreads + effective funds rate tabbed) over the funding plumbing (SOFR/QT, net liquidity tabbed) over the Gamma Stream right
The Fed-decision desk: the full US rates sheet leads, central-bank speeches + the regulatory wire left over the calendar, the chart under the hero, and the Treasury curve (curve spreads + effective funds rate tabbed) over the funding plumbing (SOFR/QT, net liquidity tabbed) over the Gamma Stream right
Use it when: Decision day, from the statement through the press conference. Also useful the morning after, when the curve has finished arguing with itself.
The decision is almost never the trade - it is priced weeks ahead in the funds futures. What moves index futures is the statement language and the curve's answer to it.
Watch the curve reaction, not the headline. A cut that steepens the curve and a cut that flattens it are two different sessions for ES.
Duration again: NQ takes the bigger swing off the same move in the long end. The two-year does the pricing, the ten-year does the damage.
Crude trades the dollar and growth read out of this, one step removed. Real, but second-hand - the rates sheet is the primary here.
Presets in the menu bar, under the category this desk belongs to — one click applies the whole layout, and a checkmark tracks which one is active.Ctrl+P, which finds it by name.Add Panel menu.The tell: A decision that lands exactly as priced and still moves the curve means the STATEMENT changed something. That is the session worth trading; the decision itself usually is not.
9 panels, read straight from the preset definition in the desktop build:
Plus 2 dense sheets — wide tables that carry a whole complex in one upstream call rather than a wall of single-series tiles:
These desks assume the theory. If any of it is unfamiliar, the background reading is on the learn side: