According to CME's "FedWatch", as of yesterday's close, the probability that the Federal Reserve will keep rates unchanged in March rose to 94%, while the probability of a rate cut remained at only 6%.

Why is this such a strong bearish blow for the stock market?

Because current valuations on Wall Street are supported by the narrative of "soft landing + rate cut by mid-year". This expectation of a tightening of liquidity at the macro level completely eliminates the short-term momentum for stocks to continue rising.#FedRateDecisions #WallStreetNews #criptonews #cripto #news