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The Fed's hawkish stance in this FOMC meeting exceeded expectations
Interest rates held steady
Dot plot revised significantly upward
Rate cuts for the year reduced to just 1
Powell emphasizes inflation still has resilience
Sending clear signals of higher rates for longer and delayed rate cuts
Current market action remains calm
Proceeding as expected
Look for opportunities from the chart
The trend still favors downside
Sell on rallies
Risk-reward ratio would be good