The U.S. Federal Reserve just did exactly what Wall Street expected in the short term: cut rates by 25 basis points and projected two more cuts by year’s end. At first glance, a rate cut should have fueled a rally – but the Fed’s forward guidance flipped the moodMarkets had been pricing in two or three cuts in 2026 – but the central bank only penciled in one. It also revised 2026 GDP expectations higher, called for steady unemployment levels, and nudged inflation estimates upward.In other words, the Fed is ...