For this week’s Trading Take, Beimnet Abebe (Galaxy Trading) joins Alex Thorn (Galaxy Research) to unpack the Fed’s latest decision to hold rates steady. They break down market reactions across asset classes, including moves in yields, gold, and crypto, and explore how Powell’s messaging suggests little urgency to cut. Beimnet also highlights a rare double dissent at the Fed, rising concerns over U.S. fiscal dominance, and why mortgage rates may remain stubbornly high even if policy rates fall.