FOMC: FED left rates unchanged. Now what?

Post-Press Conference Takeaway

The Federal Reserve maintained the federal-funds target at 3.75%–4.00%, described economic activity as “strong,” said inflation remains elevated, and had two dissenters who preferred an immediate 25-basis-point increase. [federalreserve.gov], [reuters.com]

The Federal Reserve delivered a hawkish hold. Chair Kevin Warsh emphasized strong growth, a healthy labor market, elevated inflation, and said financial conditions have tightened but are not yet tight.

He also avoided forward guidance, leaving a December hike firmly possible. [federalreserve.gov], [cnbc.com]

1. Index futures: Neutral to bearish, especially Nasdaq. Strong growth helps earnings, but persistent inflation and potentially higher yields limit upside. Expect rallies to struggle unless Treasury yields decline.
2. Gold: Slightly bearish to range-bound near term. Gold was around $4,038, down roughly 0.5%, after the decision. Higher yields and a firm dollar remain headwinds. [cnbc.com]
3. Silver: More vulnerable than gold because it combines rate sensitivity with industrial-demand risk. Silver was down about 1.2% following the announcement. [cnbc.com]
4. Copper: Mixed. Strong economic growth supports demand, but a stronger dollar and tighter financial conditions could cap gains.

Bottom line: No immediate hike, but no dovish relief either. The Fed appears willing to wait for more data while keeping another hike available. That favors choppy-to-lower index futures and metals, unless yields and the dollar reverse lower. Tomorrow’s PCE inflation and GDP reports are now the next major catalysts. [cnbc.com], [federalreserve.gov]

Market analysis only, not individualized trading advice.

Important: Trading commodity futures and options involves a substantial risk of loss.

The recommendations contained in this chart are of opinion only and do not guarantee any profits.

Past performances are not necessarily indicative of future results.

Nov 26 – Jan 27 Bean Spread

The Nov-Jan soybean spread awakened this month and activated upside PriceCount objectives. The rally satisfied the second upside target to the -10.25 area where it would be normal to get a near term reaction in the form of a consolidation or corrective trade. If the chart can sustain further strength, the third count would project a possible run to the -7 area. The low percentage fourth count to the +3.75 is not shown here for presentation purposes.

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at https://www.qtinfo.com/analysis/qt-chart-of-the-day/

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Cannon Edge — Your Daily Futures Snapshot for Oct. 29th

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

·    Current price and daily % change

·    30‑day and 52‑week highs/lows

·    PROPRIETARY Short‑term and long‑term trend signals

·    Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQG.

Daily Levels for October 29th, 2026

Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!