✍️ TL;DR: Fed leaves rates unchanged as expected, markets see sharp selloff anyways 📊 Metrics used: Social Trends 🔗 Link to chart: https://app.santiment.net/s/yV-Mbwzx?utm_source=x&utm_medium=post&utm_campaign=rates_unchanged_fed_warsh_bearish_vs_bullish_b_061726&aff=3 📉 Markets have delivered a classic “buy the rumor, sell the news” reaction. For days, traders anticipated Kevin Warsh’s first FOMC meeting and widely expected rates to remain unchanged, with prediction markets assigning roughly a 99% probability to that outcome. Yet once the announcement became official, crypto, equities, gold, and silver all experienced immediate selling pressure as investors shifted their focus from what was expected to what comes next. With the possibility of a "bonus" rate cut off the table, many traders simply took profits after the recent relief rally. 🤔 The reaction highlights an important market reality: assets don’t move on what happens, they move on how reality compares to expectations. Leading into the meeting, optimism surrounding stable policy, easing geopolitical tensions, and improving risk appetite had already pushed prices higher. When Warsh delivered exactly what the market expected, there was little fresh fuel left to drive another leg up. Ironically, the bearish response may reflect disappointment over the absence of a surprise rather than concern about the decision itself, making this a sentiment-driven pullback more than a fundamental shift in market conditions.(Santiment Intelligence)