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Why the next rate decision matters less than what central banks say next

Traders have priced in the move itself. What's left to move markets is the language that follows it — and three phrases the Fed has used before to signal a turn.

policy pivot signalled

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Corporate story
"We didn't cut the division because it was failing. We cut it because it was succeeding at the wrong thing."
— Outgoing CFO, on the divestiture that halved the company's headcount and doubled its margin
41%
Revenue from the divested unit
19 mo
From decision to close
2.3x
Operating margin, one year on

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