🚨 MARKETS FEAR THE GUIDANCE, NOT THE RATE CUT Kalshi odds show a 97% chance of a 25 bps cut today, but the real risk is the Fed’s 2026 outlook. September projections signaled only one cut next year and a 3.4% year-end rate. Analysts expect guidance to turn neutral to hawkish as the Fed stays on hold into early 2026, potentially pressuring equities. Powell is likely to emphasize that further cuts require weaker inflation or higher unemployment. With his term ending in May, today’s decision and press conference will be closely watched. https://kalshi.com/markets/kxfeddecision/fed-meeting/kxfeddecision-25dec?utm_source=walterbloomberg(*Walter Bloomberg)