#FOMCMeeting Recap

Another day, another dose of monetary mystery.

The Fed held steady.

No cuts, no surprises—unless you count Powell’s expression when asked about inflation control.

Wall Street’s interpretation:

"No rate cut? Perfect excuse to rally irrationally."

Powell’s poker face:

"As clear as our forward guidance… which isn’t saying much."

Meanwhile, in the real world:

Equities: Dancing like rate hikes never happened.