The Fed delivered a 25 bps cut and announced QT will end on December 1 — effectively restarting QE. Policy pivot reflects rising downside employment risks despite persistent inflation. Improved liquidity should boost regional bank reserves, tighten MMF spreads vs. deposits, and support loan growth. The Fed claims commitment to 2% inflation, but easing stance suggests tolerance for structurally higher inflation to avoid credit contraction and recessionary stress.
Key Levels: Support 6,799.0 | Resistance 6,939.7
Investor Takeaway: RSI ~49 trending sideways; MACD flat selling pressure — liquidity boost supports medium-term upside despite neutral technical momentum.