Markets brace for FOMC meeting with Kevin Warsh; option prices show muted reaction trend.

The first FOMC meeting under Kevin Warsh's leadership is set for Wednesday, with markets closely watching the outcome and statement. Analysis of 1-day options expiring on FOMC days shows an average price change of about ±0.75%, a figure that has been decreasing over recent meetings. This trend has led to the at-the-money straddle options being overpriced in most recent cases, indicating market expectations may be more subdued than usual. Investors are advised to monitor how the market reacts post-announcement for trading opportunities.