This has been a crazy month and I have a lot to say, but I want to get this post out before the Fed’s announcement, so it will be a short one. It’s been a long time since the outcome of a Fed meeting hasn’t been a foregone conclusion. It’s shocking how quickly market participants have gone from “of course the Fed will hike this month” to “the Fed should take a pass”.
IGNORING BREAKEVENS
IGNORING BREAKEVENS
IGNORING BREAKEVENS
This has been a crazy month and I have a lot to say, but I want to get this post out before the Fed’s announcement, so it will be a short one. It’s been a long time since the outcome of a Fed meeting hasn’t been a foregone conclusion. It’s shocking how quickly market participants have gone from “of course the Fed will hike this month” to “the Fed should take a pass”.