FOMC day. Rates were widely expected to stay on hold. The real market mover isn't the decision—it's the dot plot and Chair Kevin Warsh's tone. Watch for: • 2026 rate path revisions • Inflation vs growth narrative • Any hint that cuts are off the table • Warsh's first press conference as Fed Chair Today is about forward guidance, not the rate itself. Markets trade the future, not the hold. 📊

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