#opg $OPG #USStocksSlipAfterFedRateDecision

Stocks slipped on Thursday as the hawkish hold outweighed the rate pause. While the Fed kept rates at 4.25%-4.50% (as expected), the updated "dot plot" shocked markets—projecting just one 25bps cut in 2026 (down from two previously).

Key takeaways from the meeting:

· Inflation worries: Core PCE forecasts were raised to 2.8%, signaling sticky services inflation.

· Powell's tone: Emphasized "data dependency" but pushed back on easing urgency, citing a resilient job market.

· Market reaction: Tech and growth stocks led the decline. The 10-year yield spiked back above 4.3%, pressuring equities.

Outlook: Markets are repricing for "higher-for-longer," pushing expected easing further into Q4 2026 or 2027. Until inflation cools decisively, volatility remains the name of the game.