🇺🇸 Today's FOMC meeting has resulted in the expected outcome of interest rates holding steady at 3.50-3.75%. There is an expectation that there will be one further cut sometime in 2026, and one in 2027.

📈 For now, traders are expecting a bullish relief rally in spite of no changes being made. This is likely due to the fact that the bearish price action related to the lack of cuts already occurred yesterday.

🔗 There was a major pivot related to interest rates in the past 24 hours on interest rates, with the crowd switching from bearish to bullish. Watch how the narrative changes as we lead up to the next decision here!