I also hold $Invesco DB US Dollar Index Bullish Fund(UUP.US) and $ProShares UltraShort 7-10 Year Treasury ETF(PST.US) as hedges. Based on this article, my judgment is as follows:

This FOMC + PCE is truly hard to predict. My personal view is 'no change', because if there were a real bet on rate hikes, the volatility of $SPDR Gold Shares(GLD.US) or the short-term options on GLD wouldn't be narrow, or IV would be very high. Additionally, $United States Oil Fund LP(USO.US) is indeed rising, but the article clearly states that the US dollar has decoupled from oil trends, which is understandable.

However, I reduced my position in the US dollar index this time. I agree with the article's viewpoint: if it really stays at 'no change', the trend will likely decline.

If rates are raised, PST will bring me hedging gains.