Benzinga - Why the Fed is moving markets Wednesday

Toggle AI CEO Jan Szilagyi said the market was looking for a more "explicit acknowledgement" that the Fed might be near the end of its tightening cycle.

"This didn’t quite happen although the Fed included a key sentence that will keep this hope alive: it was careful to point out that they remain very dependent on incoming data," Szilagyi said, highlighting the comments on the cumulative tightening of monetary policy and the lag with which it affects inflation.

The Toggle AI CEO noted that the time between the last increase and first cut is usually not more than nine to 12 months.

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