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🇺🇸 Fed Chair Jerome Powell just crushed hopes for a May rate cut.
The market was hopeful — but now?
🔹 Rate cut probability plunges to 16.1%, down from nearly 44% last week
🔹 $SPX drops -2.24%
🔹 $NDX crashes -3.04%
🔹 Investors now pricing in another pause at the next #FOMC meeting
The pivot is off the table — for now.
Volatility ahead. Stay sharp.
